Bloomberg) -- Even with the risk of a hard Brexit hanging over their heads, pound traders seem to be looking the other way. The currency touched a three-week high against a weaker dollar, one day before fraught trade negotiations resume between London and Brussels. A gauge of sentiment in sterling over the next month, which covers the deadline for an extension to the U.K.’s Brexit transition period, is the least negative since late March.
By Gina Lee Investing.com – The dollar was down on Monday morning in Asia, with rising optimism over the global economic recovery from COVID-19 leading investors to retreat from the safe-haven asset even as the number of global cases continues to rise.
By Tom Westbrook SINGAPORE (Reuters) - Riskier currencies rose against the dollar on Monday as investors looked to positive signs from China's coronavirus recovery and wagered on an easing in Sino-U.S. tensions. The trade-sensitive Australian dollar surged 1% to a three-month high of $0.6742 to lead broader gains that put the dollar close to an 11-week low on a basket of currencies.
GBP/EUR Exchange Rate Edges Higher as German Manufacturing Remains in Doldrums The Pound to Euro (GBP/EUR) exchange rate edged higher today, with the pairing up by 0.3% on today’s opening rate and currently trading around €1.11. The Euro (EUR) struggled following today’s release of the final Eurozone’s Markit Manufacturing PMI for May, which fell below […] The post Pound to Euro Exchange Rate Rises Despite Hopes for Eurozone’s Manufacturing Sector appeared first on Future Currency ...
By Peter Nurse Investing.com - The dollar has sold off in early European trade Monday, as fewer investors seek this safe haven amid rising optimism about the global economic recovery and as U.S. President Trump offers up a measured response to China’s move to tighten control over Hong Kong.
Blog Categories
Recent Visitors
Go to Profile
Mark as Read