Investors seek the greenback shelter on news that the Trump administration was considering delisting Chinese firms from U.S. stock markets.
Category: Features
Weak economic data pulls euro to more than two-year lows on Friday. Negative data sapped investor demand for the single currency.
The dollar rebounded and neared its highest since 2017, enjoying safe haven demand. The euro dropped to a 28-month low, amid hopes over a US-China trade deal.
The pound fell 1% on Wednesday against the dollar as investors priced many more months of Brexit chaos and general election risk.
Sterling firmed after the UK Supreme Court ruling that Prime Minister Boris Johnson’s decision to suspend parliament for five weeks was unlawful.