3 minutes - Source: CNBC
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The euro fell 0.1% lower to $1.0904, its lowest level since May 2017. Against a basket of its rivals, the greenback pushed 0.1% higher to 99.27, its highest level in more than three weeks.
“Some corporate demand in the last few days seems to be boosting the
Sterling was the other big loser in early London trading after Bank of England policymaker Michael Saunders hinted at looser monetary policy if Brexit uncertainty remained prolonged against a backdrop of disappointing global growth.
The pound weakened 0.3% to a new two-week low of $1.2285 on Friday as his comments raised expectations that the next move from the central bank could be a rate cut.
Markets are also digesting the impeachment probe launched
A whistleblower report released on Thursday said Trump not only abused his office in attempting to solicit Ukraine’s interference in the 2020 U.S.
China’s top diplomat said Beijing was willing to buy more U.S.
CNBC reported that trade war talks were on track and scheduled for Oct. 10-11 in Washington, citing people familiar with the arrangements.
Elsewhere, the dollar eased against the trade-sensitive Australian and New Zealand dollars, which gently rallied on hopes that next month’s U
“A one word description of currency markets trading today: moribund,” said markets strategist Michael McCarthy of brokerage CMC Markets in Sydney.