Thursday, 09 July 2020
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Dollar Flat After Powell Plays Down Further Cuts
Friday, 15 November 2019 16:22 WIB | CURRENCIES |DOLLAR

The dollar was mostly flat in early trade in Europe on Friday amid a lull in news ahead of more U.S. economic data later in the day.

The greenback is on course for a modest loss of around 0.2% this week, drifting as the world waits for China and the U.S. tie up an elusive trade truce.

The threat of a Chinese crackdown on unrest in Hong Kong is also keeping markets on edge. President Xi Jinping urged the city™s chief executive Carrie Lam to clamp down on protests on late on Thursday, urging œforceful actions‰to punish those who have committed violent crimes, according to the Financial Times.

However, the FT also cited people familiar with the matter as saying that China™s top official overseeing the territories of Hong Kong and Macau had delayed a visit to the city for fear of inflaming the situation further.

By 4 AM ET (09:00 GMT), the dollar index, which tracks the buck against a basket of developed market currencies, was at 98.050, little changed from late Friday. EUR/USD and GBP/USD were both effectively unchanged at $1.1025 and $1.2880, respectively.

Source : Investing.com

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