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[size=36]The dollar is stable ahead of central bank meetings and sterling jumps[/size]
Economy | 01:02 - 09/12/2019
Follow-up - Mawazine News
The dollar stabilized on Monday, thanks to better-than-expected US jobs data, but concern about US-China trade talks limited gains while the British pound jumped after the latest poll ahead of this week's elections.
Sterling hit a two-and-a-half year high against the euro after opinion polls showed the ruling Conservative Party was ahead of its rivals in Thursday's elections.
The dollar stabilized following the job data on Friday. Attention is turning to the Federal Reserve and the European Central Bank meeting this week, as new US tariffs for Chinese goods are approaching.
The dollar index did not change from 97.63 after Friday's rise of 0.3 percent following news that the US non-farm sector added 266,000 jobs last month, the biggest gain in ten months.
The European single currency was trading at $ 1.1064 after recording the lowest level in a week at $ 1.10395 on Friday.
The dollar recorded 108.52 yen. It had risen to 108.92 yen after the US jobs data, but later lost momentum.
Sterling rose to the highest level in seven months against the US currency at 1.3180 dollars and to the highest level in two and a half years against the euro at 83.94 pence. End / 29
The dollar stabilized on Monday, thanks to better-than-expected US jobs data, but concern about US-China trade talks limited gains while the British pound jumped after the latest poll ahead of this week's elections.
Sterling hit a two-and-a-half year high against the euro after opinion polls showed the ruling Conservative Party was ahead of its rivals in Thursday's elections.
The dollar stabilized following the job data on Friday. Attention is turning to the Federal Reserve and the European Central Bank meeting this week, as new US tariffs for Chinese goods are approaching.
The dollar index did not change from 97.63 after Friday's rise of 0.3 percent following news that the US non-farm sector added 266,000 jobs last month, the biggest gain in ten months.
The European single currency was trading at $ 1.1064 after recording the lowest level in a week at $ 1.10395 on Friday.
The dollar recorded 108.52 yen. It had risen to 108.92 yen after the US jobs data, but later lost momentum.
Sterling rose to the highest level in seven months against the US currency at 1.3180 dollars and to the highest level in two and a half years against the euro at 83.94 pence. End / 29
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