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Dollar Rises as Markets Temper Hopes on Trade, Brexit
Monday, 14 October 2019 15:18 WIB | CURRENCIES |Poundsterling Indeks Dolar

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 breakthroughs on the U.S.-China trade dispute and on Brexit.

By 3:45 AM ET (0745 GMT), the dollar index, which measures the greenback against a basket of developed market currencies, was up 0.2% at 98.213, marking gains against higher-yielding currencies but modest declines against havens such as the yen and Swiss franc. EUR/USD was down 0.2% at $1.1019.

The pound, which staged its biggest one-day rally in more than two years on Friday, fell back over half a percent against the dollar and euro in early trade in Europe Monday. By 3:45 AM ET, cable was at $1.2583, down 0.5% on the day, while EUR/GBP was up 0.4% at 0.8755.

Source: Investing.com

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