Dollar firms, sterling falls again on Brexit worries
Source: Reuters
Davos
March 10, 2019 / 9:37 PM / Updated an hour ago
Daniel Leussink
TOKYO (Reuters) - The dollar edged up early on Monday, hovering close to a near three-month high as investors took cover in the currency amid global growth concerns, while sterling extended its decline on an uncertain outlook over Britain’s exit from the European Union.
The dollar index, which measures the greenback against a basket of six major rivals, gained 0.1 percent to 97.426 in early Asian trading.
The index was just shy of its recent peak of 97.710 hit last Thursday, its highest since Dec. 14 last year. It is up 1.3 percent so far this year.
The euro was a shade lower at $1.1225. The single currency had fallen to its weakest level since late June 2017 on Thursday, hurt by dovish signals from the European Central Bank (ECB).
Read more: https://www.reuters.com/article/uk-global-forex/dollar-firms-sterling-falls-again-on-brexit-worries-idUSKBN1QS037
