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Dollar recovers .. Safe haven currencies are making gains
14:09 - 15/02/2019
Information / Baghdad ..
Safe haven currencies, including the Japanese yen, gained gains on Friday after weak retail sales in the US and the dollar remained strong as the market awaited the development of trade talks between Washington and Beijing.
The results of a meeting on Friday between US Treasury Secretary Stephen Menochin and Chinese President Xi Jinping may be important for currency investors.
The dollar remained strong, rising 0.2 percent to 97.1 against a basket of major currencies. The US currency fell on Thursday as weak US retail sales indicated a sharp slowdown in economic activity by the end of 2018.
The euro was down 0.2 percent at $ 1.1274.
The single European currency is heading for a loss for the second week, down 1.7 percent since the beginning of the year thanks to weaker-than-expected data in the euro zone. The pound was at $ 1.28.
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