Dollar falls, Sterling and Euro rise

21 Oct 2019 03:23 PM


The dollar is crawling towards its worst month since January 2018 on Monday as market optimism over Britain's Brexit pushed the pound to a 5-1 / 2-month high and kept the euro gains for October.

Although British lawmakers have postponed voting on the amended separation deal, there appear to be tentative hopes it will eventually pass.

Sterling fell 0.5% in European trading but rebounded in Europe and briefly exceeded $ 1.30 for the first time in five and a half months.

The dollar has fallen 2.5% since the start of the month against a basket of major currencies, and if it continues, it will mark the worst month since January last year.

The US currency hovered around 1.1157 dollars to the euro today, and against the Japanese currency rose the dollar to 108.48 yen. The Yen's performance was also weak, and last week it hit a 2-1 / 2-month low.

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