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Dollar supported after upbeat U.S. data, pound steadies
Monday, 23 December 2019 08:20 WIB | CURRENCIES |PoundsterlingDolar AS

The dollar held firm at start of holiday-thinned week on Monday after U.S. data pointed to solid economic growth while the British pound found some stability after having suffered its biggest weekly fall in three years.

The dollar index was at 97.682, flat on the day but maintaining its recovery trend since hitting a five-month low of 96.605 on Dec. 12.

Against the yen, the dollar was traded at 109.47 yen , up 0.04% from late U.S. levels, not far from six-month high of 109.73 touched earlier this month.

Sterling traded at $1.3004 up slightly after

having found some stability after hitting a 2 1/2-week low of $1.2979.

It had fallen 2.6% last week, the biggest weekly fall since October 2016, after UK Prime Minister Boris Johnson set December 2020 as a hard deadline to reach a trade agreement.

On Friday, Johnson won approval for his Brexit deal in parliament, the first step toward fulfilling his election pledge to deliver Britain's departure from the European Union by Jan. 31

Source: Reuters

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