Dollar slips as focus shifts to the Brexit vote

2019-10-18 15:37:05 GMT (Economies.com)
Dollar slips as focus shifts to the Brexit vote

The US dollar fell slightly against most of its major rivals today, as investors eagerly anticipate the the British parliament's voting session on the draft Brexit deal tomorrow, to determine the fate of Britain's exit from the EU.

 

The United Kingdom and the European Union agreed on a draft Brexit deal yesterday, which provides the UK with the chance of leaving the EU in an orderly fashion.

 

British PM Boris Johnson hailed the draft deal, and urged the British lawmakers to pass the deal in order to move on other priorities such as the environment, protecting society from violent crimes and improving the standards of living.

 

While Johnson stated that the EU will not to extend the Brexit deadline and will implement it as scheduled, which means that if the deal was rejected by the British parliament, the UK would face a chaotic exit without a deal.

 

The International Monetary Fund (IMF) stated that the Brexit deal is a positive move for the global economic growth, but stressed concerns about the US-China interim trade agreement, and warned that it is not enough to fend off the trade war risks.

 

As of 13:30 GMT,  the dollar index fell by 0.1% to 97.4 points, with an intraday high of 97.6 and a low of 97.4 points.

 
 
 
  Symbol Last Change Chg.%
1.1053
0.0029
0.2594%
1.2900
0.0099
0.7745%
Tadawul
7924.19
-8.33
0.10%
16.955
0.152
0.908%
57.828
0.469
0.817%
63.40
1.12
1.80%
1467.050
8.770
0.601%
 
 
Live Forex Updates