Dollar deepens losses on weak data, with Brexit vote in focus

2019-10-18 20:08:04 GMT (Economies.com)
Dollar deepens losses on weak data, with Brexit vote in focus

The US dollar fell against most major rivals during trading hours today amid a broad anticipation of the British parliament crucial voting session on the draft Brexit deal tomorrow.

 

The UK House of Commons is due to vote on a tentative draft deal Britain's departure from the EU in an orderly fashion.

 

While in case the parliament voted against the deal, Britain would likely be forced to exit without a deal, which poses large economic risks.

 

Otherwise, the Chinese Government showed today that the GDP grew by 6% during the third quarter, lower than market forecasts of 6.1%.

 

Vice Chairman of the US Federal Reserve, Richard Clarida, said that the US economy is still prone to risks posed by trade war and weak inflation.

 

The dollar index fell against a basket of major currencies by 0.3% to 97.3 points as of 18:49 GMT, with an intraday high of 97.6 and a low of 97.2 points.

 
 
 
  Symbol Last Change Chg.%
1.1053
0.0028
0.2585%
1.2901
0.0100
0.7851%
Tadawul
7924.19
-8.33
0.10%
16.953
0.150
0.896%
57.851
0.492
0.858%
63.36
1.07
1.72%
1466.915
8.635
0.592%
 
 
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