English>

MarketNews

Dollar weakens as U.S., China sign trade deal - REUTERS

JANUARY 16, 2020

NEW YORK (Reuters) - The dollar pared losses but remained lower against the euro and the yen on Wednesday after the United States and China signed a deal to de-escalate their trade war.

CNH=.

Sterling GBP= was flat versus the dollar, reversing earlier losses after data showed UK inflation rose at its slowest in three years, feeding expectations the Bank of England would cut rates in January. The pound was last at $1.3028.

“Directionally the market expected some weakness, but probably the magnitude surprised,” said Vassili Serebriakov, FX strategist at UBS in New York.

The Swiss franc CHF= rose to its strongest against the dollar in over a year, and its highest against the euro EURCHF= in almost three years, after the United States on Monday added Switzerland to its watchlist of currency manipulators. The dollar was last down 0.4% at 0.9641 franc CHF=.

Analysts said the inclusion could discourage the Swiss National Bank (SNB) from intervening to try to limit further appreciation of the franc, although the Swiss finance ministry said it would have no immediate consequences.

The Russian rouble weakened after the resignation of Prime Minister Dmitry Medvedev’s government.

========================================================

Currency bid prices at 4:54 PM (2154 GMT)

Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid

Previous Change

Session

Euro/Dollar EUR= $1.1148 $1.1127 +0.19% -0.55% +1.1163 +1.1119

Dollar/Yen JPY= 109.9000 109.9700 -0.06% +0.96% +110.0100 +109.8000

Euro/Yen EURJPY= 122.54 122.39 +0.12% +0.48% +122.7100 +122.2100

Dollar/Swiss CHF= 0.9640 0.9672 -0.33% -0.39% +0.9680 +0.9631

FILE PHOTO: Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. REUTERS/Antonio Bronic

Sterling/Dollar GBP= 1.3038 1.3017 +0.16% -1.67% +1.3042 +1.2988

Dollar/Canadian CAD= 1.3042 1.3060 -0.14% +0.43% +1.3078 +1.3035

Australian/Doll AUD= 0.6906 0.6900 +0.09% -1.64% +0.6916 +0.6878

ar

Euro/Swiss EURCHF= 1.0748 1.0765 -0.16% -0.96% +1.0776 +1.0743

Euro/Sterling EURGBP= 0.8551 0.8549 +0.02% +1.15% +0.8578 +0.8538

NZ NZD= 0.6617 0.6613 +0.06% -1.77% +0.6620 +0.6585

Dollar/Dollar


Dollar/Norway NOK= 8.8614 8.8714 -0.11% +0.95% +8.8959 +8.8512

Euro/Norway EURNOK= 9.8803 9.8720 +0.08% +0.43% +9.9010 +9.8733

Dollar/Sweden SEK= 9.4635 9.4632 +0.20% +1.24% +9.4860 +9.4421

Euro/Sweden EURSEK= 10.5516 10.5308 +0.20% +0.79% +10.5648 +10.5310

Additional reporting by Gertrude Chavez-Dreyfuss; Editing by Marguerita Choy and Tom Brown

Our Standards:The Thomson Reuters Trust Principles.

Advertisement

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics