
Dollar Up as U.S. and U.K. Scramble
FxPremiere.com – TelegramFX Signals | The dollar was up on Thursday morning in Asia, as the U.S. and the U.K. both scramble to meet deadlines for the latest stimulus measures and Brexit trade talks with the European Union (EU) respectively
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The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 91.075 by 9:44 PM ET (1:44 AM GMT), just above the two-and-a-half-year low of 90.471 seen on Friday.
Investors turned to the dollar, viewed as a safe-haven asset, as doubts begin to mount on whether the Republicans and Democrats can reach a consensus over the latest stimulus measures.
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The GBP/USD pair was down 0.24% to 1.3364, staying above the week’s low of $1.3225 seen on Monday after falling around 0.5% on Thursday. This was after U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed to delay a “firm decision” about the future of Brexit talks during their meeting.
FX – Pound Recovers as U.K. Signals
Bank of England Governor Andrew Bailey issued a warning of his own, saying that a no-deal Brexit would cause longer-term damage to the U.K.’s economy than even the COVID-19 pandemic, with the impact of the change potentially felt for decades. Dollar Up as U.S. and U.K. Scramble
FX Signals | Dollars bought as stimulus hopes
“It looks like there won’t be any agreement to present to the EU summit starting today. Markets have been quite optimistic about a deal. I’m a bit surprised,” Sumitomo Mitsui (NYSE:SMFG) Trust Bank senior market economist Ayako Sera told Reuters.
Sera was referring to the European Council, which will meet from Dec. 10 to 11 in Brussels.
Dollar Down Over Brexit, U.S. Stimulus Risks
ECB President Christine Lagarde has already made it clear in recent weeks that an expanded Pandemic Emergency Purchase Program and more subsidized long-term loans for banks will form the basis of the ECB’s policy measures.
Pound Rises as Vaccine Progress
The euro fell to $1.2082, a fourth consecutive day of losses and slightly below the two-and-a-half year high of $1.2177 seen on Friday.
The USD/JPY pair inched up 0.05% to 104.27. Dollar Up as U.S. and U.K. Scramble
Pound Under Pressure U.K. Services Worst Month
The AUD/USD pair inched up 0.07% to 0.7450, with the AUD retreating from a two-and-a-half year high of $0.7485 seen on Wednesday. The NZD/USD pair inched down 0.01% to 0.7018.
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The USD/CNY pair edged up 0.11% to 6.5483.

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Dollar Up as U.S. and U.K. Scramble
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Dollar Up as U.S. and U.K. Scramble
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