Tuesday, 15 October 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Sterling shines on Brexit hopes, yen eases on trade optimism
Friday, 11 October 2019 08:07 WIB | CURRENCIES |PoundsterlingSterling, Indeks Dolar

Hopes of progress in U.S.-China trade talks and optimistic comments from Europe on Brexit pushed back the safe-haven yen and lifted the British pound and euro early on Friday.

Sterling was the biggest mover overnight, jumping 2% to a two-week high versus the dollar and posting its largest daily percentage gain in seven months on hopes of a Brexit resolution.

Irish Prime Minister Leo Varadkar said on Thursday a Brexit deal could be clinched by the end of October to allow the United Kingdom to leave the European Union in an orderly fashion, after what he called a very positive meeting with Boris Johnson.

Ireland is a major factor in the prolonged Brexit impasse.

Sterling last traded at $1.2431, having risen up to $1.2469 on Thursday.

Against the euro, the pound also rose to two-week highs of 0.8831 pound to the euro on Thursday and last stood at 0.8858.

The euro also gained against the dollar, rising to $1.1007 . It had climbed as high as $1.1034 in U.S. trade on Thursday, its strongest in almost three weeks.

That helped to send the dollar index to 98.709, a low last seen on Sept. 25.

The yen eased to 107.92 yen to the dollar, having shed about 0.45% the previous day.

Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday, as business groups expressed optimism the two sides might be able to ease a trade war and delay a U.S. tariff hike scheduled for next week.

Source: Reuters

RELATED NEWS
Dollar loses steam versus yen as trade deal, Brexit hopes face reality check...
Tuesday, 15 October 2019 08:22 WIB

The dollar hovered below 2-1/2-month highs against the yen on Tuesday, failing to extend recent gains as optimism over trade negotiations between the world's two largest economies and for an orderly B...

Dollar Rises as Markets Temper Hopes on Trade, Brexit...
Monday, 14 October 2019 15:18 WIB

The dollar was slightly higher and the British pound stumbled at the start of the week, on lingering doubts about the outlook for the world economy as the market takes a closer look at the much-hyped ...

Pound Falls Despite Renewed Brexit Hopes; Dollar Rises Amid Trade Progress...
Monday, 14 October 2019 13:52 WIB

The British pound fell against the U.S. dollar on Monday in Asia despite renewed Brexit hopes. The greenback inched up amid positive trade progress with China. The GBP/USD pair lost 0.3% to 1.2614 1:...

Dollar holds near 2-1/2-month yen high on U.S.-China partial deal, pound stands tall...
Monday, 14 October 2019 08:14 WIB

The dollar held near a 2 1/2-month high against the yen on Monday after Washington and Beijing announced progress towards a trade deal, while sterling hovered near a three-month peak on hopes for an o...

Dollar Falls to Three-Month Low on Hopes of Brexit, U.S.-China Trade Deals...
Saturday, 12 October 2019 03:02 WIB

The dollar dropped to a three-month low on Friday as safe-haven buying eased and risk sentiment improved on hopes of progress in trade negotiations between the United States and China, as well as incr...

LATEST NEWS
Gold to Extend Rally in 2020 as Retail Investors Climb on Board

The next push in gold prices will come from retail investors as risks remain skewed to the upside, according to Standard Chartered Bank. Having already rallied to the highest in more than six years, bullion will still benefit from safe...

Dollar loses steam versus yen as trade deal, Brexit hopes face reality check

The dollar hovered below 2-1/2-month highs against the yen on Tuesday, failing to extend recent gains as optimism over trade negotiations between the world's two largest economies and for an orderly British exit from the European Union started to...

The RBA minutes: Board prepared to ease policy further if needed to support growth, jobs

The Reserve Bank of Australia came with the Minutes for the RBA Board's 1 October meeting. Members commenced their discussion of global economic conditions by noting that heightened policy uncertainty was affecting international trade and business...

POPULAR NEWS
Hong Kong stocks end with healthy gains
Monday, 14 October 2019 15:29 WIB

Shares rallied on Monday in Hong Kong after China and the United States announced a partial trade deal that eased tensions between the economic...

Gold Edge Higher on Trade Optimism; Palladium at Record
Monday, 14 October 2019 16:23 WIB

Gold holds below its 50-day moving average after dropping last week on U.S.-China trade optimism. Palladium hit a fresh record. Spot...

Gold Flirts With $1,500 Again on New Trade War Worries
Tuesday, 15 October 2019 03:33 WIB

What™s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of...

Gold prices rise as the Fed announced the start of a 'massive' bond buying program
Monday, 14 October 2019 21:52 WIB

Gold futures rose Monday, looking to post their first gain in three sessions, finding support as the so-called ''phase one'' of the U.S.-China trade...