The dollar is stable near low for 1 month; British pound decreased by Brexit
The dollar has stabilized the nearest lowest in a month compared to a currency basket on Tuesday when a U.S.-Mexico trade deal made investors increase the level of risk acceptance in the market, while the British pound had lower pressures In the context of continuing concerns about the Brexit agreement.
The US dollar index measures the strength of the USD versus the six-currency basket, at 94.66 at 03:48 AM ET (07:48 GMT). This indicator hits the 94.59 low overnight, the lowest level since 2/8.
Concerns about rising global trade tensions were diminished after the United States reached an agreement with the Mexican trade for the purpose of replacing the North American Free Trade agreement.
However, US President Donald Trump said he could still offer the applicable tax rate to Canadian cars if they refused to agree to the new agreement and also wanted to concessions to the country's dairy products.
The market also proved cautious when trade negotiations between the United States and China failed after the last week's trade talks ended not gaining much progression and both countries were tax imposed on the enemy imports.
The dollar grew above the yen, the USD/JPY rate increased to 111.14.
The Euro is holding steady at the highest level in a month compared to the dollar, the EUR/USD rate is at 1.1686.
The same currency reached the highest level of the year compared to the British pound, with a rate of EUR/GBP rising to 0.9074 when the UK markets reopened after a weekend holiday while there were more negative comments on Brexit.
British Prime Minister Theresa May claimed that it did not reach the Brexit agreement "not the end of the world" as she sought to lower the warning of Prime Minister Philip Hammond last week about the damage when the deal was not reached.
The pound continues to be stable compared to the softer dollar, with the price GBP/USD almost unchanged at 1.2887.
The US dollar index measures the strength of the USD versus the six-currency basket, at 94.66 at 03:48 AM ET (07:48 GMT). This indicator hits the 94.59 low overnight, the lowest level since 2/8.
Concerns about rising global trade tensions were diminished after the United States reached an agreement with the Mexican trade for the purpose of replacing the North American Free Trade agreement.
However, US President Donald Trump said he could still offer the applicable tax rate to Canadian cars if they refused to agree to the new agreement and also wanted to concessions to the country's dairy products.
The market also proved cautious when trade negotiations between the United States and China failed after the last week's trade talks ended not gaining much progression and both countries were tax imposed on the enemy imports.
The dollar grew above the yen, the USD/JPY rate increased to 111.14.
The Euro is holding steady at the highest level in a month compared to the dollar, the EUR/USD rate is at 1.1686.
The same currency reached the highest level of the year compared to the British pound, with a rate of EUR/GBP rising to 0.9074 when the UK markets reopened after a weekend holiday while there were more negative comments on Brexit.
British Prime Minister Theresa May claimed that it did not reach the Brexit agreement "not the end of the world" as she sought to lower the warning of Prime Minister Philip Hammond last week about the damage when the deal was not reached.
The pound continues to be stable compared to the softer dollar, with the price GBP/USD almost unchanged at 1.2887.
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