The pound slipped on Friday after survey data showed British factories slashing jobs in February. However, pound sets for biggest weekly rise in a month as no-deal Brexit fears fade.
Category: Features
The dollar rose against the yen and reduced losses versus the euro on Thursday. U.S. data showed that growth in the world’s largest economy was stronger than expected in the fourth quarter.
The yen and the Swiss franc strengthened on Wednesday after Pakistan shot down two Indian jets. Investors were sent out of riskier markets and into safer assets.
North Korean leader Kim Jong Un and U.S. President Donald Trump both arrived in Vietnam on Tuesday, the eve of their second summit. In this second meeting they will tackle how to implement a North Korean pledge to give up its nuclear weapons.
Economic momentum maintains dollar at the top even though the Fed confirmed its dovish shift this week in the minutes from its last meeting. It seems like the dollar will continue to enjoy a yield advantage over rivals.