US dollar heads for largest weekly profit since September

2019-02-08 20:39:18 GMT (Economies.com)
US dollar heads for largest weekly profit since September

US dollar steadied up against most rivals while heading for the largest weekly profit in months as investors flock to US treasuries amid concerns of slower global growth. 

 

Central banks in the euro zone, England, and Australia cut their estimates for global growth this year, with Federal Reserve Governor James Bullard expressing his concerns from the lower-than-target inflation and its impact on growth. 

 

President Donald Trump and Xi Jinping are expected to meet after the end of the 90-day truce in March to discuss an end to their trade dispute. 

 

White House advisor Larry Kudlow revealed that the gap is wider than expected between America and China, especially when it comes to protecting intellectual property. 

 

As of 16:01 GMT, the dollar index steadied at 96.6, with a session-high at 96.7, and a low at 96.4. 

 
 
 
  Symbol Last Change Chg.%
1.1079
-0.0019
0.1726%
1.2133
-0.0021
0.1720%
16.876
-0.228
1.333%
56.202
1.401
2.558%
59.76
1.12
1.91%
1496.380
-15.885
1.050%
 
 
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