The euro rose from a three-month low as hopes of progress in China-U.S. trade talks lifted risk appetite towards major currencies.
Category: Features
Pound climbed higher, briefly, 0.5% on Wednesday, propelled by large purchase orders executed in a thin market. Renewed suggestions of a delay to Brexit also lifted sentiment on the currency.
Dollar set for biggest winning streak in two years on trade optimism. Hopes of a breakthrough in US-China trade talks encouraged investors to cover short bets on the currency.
The dollar rose as concerns grew that U.S.-China talks would not heal a rift over trade between the world’s largest economies. The Swiss franc slid in a mini “flash-crash”, dropping 1% during Monday’s Asia session.
A bad week for pound which set for its worst week since October as Brexit fog descends. Euro set for biggest weekly drop in four months as data showed an economic slowdown in Europe was spreading.