[ad_1]
The dollar rallied against the pound sterling and the euro on Monday, as British efforts to secure an agreement on Brexit ahead of a key summit of the European Union maintained the preference global investors for safe haven currencies.
The euro traded around 0.1% at 1.1549 on Monday, while the pound lost 0.34% to 1.3109 after peaking in October of 1 , 3258 on Friday.
The dollar index, an indicator of its value against six major peers, rose 0.1% to 95.31.
The land border issue between Britain and Ireland thwarted the attempt to reach an agreement on Brexit, with weekend negotiators having acknowledged their defeat after talks on the marathon and pressed a break for the next days.
The pound is also under pressure after Sunday's statements by former British Foreign Secretary Boris Johnson that Britain must stand up to the tyrants of the European Union and push for a "super-Canada ".
Johnson, figurehead of the campaign to leave the EU in 2016 and bookmakers favorite to replace prime minister Theresa May, is the latest critic to have redoubled efforts to urge the prime minister to rethink her plan to leave the union.
"The main purpose of the Pound Sterling is Brexit and the data is only a source of distraction," said Kathy Lien, managing director of foreign exchange strategy at BK Asset Management. "Time is running out and an agreement is coming closer but after being burned by false hopes, investors ignore contradictory headlines and await official confirmation."
The yen rose to 111.94 against the dollar on Monday. The yen has strengthened over the last six trading sessions against the dollar, as a global risk-reduction sentiment has maintained an active safe haven offer against the Japanese currency.
US Treasury Secretary Steven Mnuchin said on Saturday that Washington wants to include a provision to discourage currency manipulation in future trade agreements, including with Japan, based on the foreign exchange chapter in the new agreement aimed at to reorganize NAFTA.
This was a cause for concern in Japan, where local media published front page articles asking whether it would give Washington the right to call currency manipulation of any future Tokyo currency intervention to contain the rise. of the yen.
The Australian dollar changed hands at 0.7101 against the dollar, down 0.25%. The Australian has reached a two-year low of 0.7039 on October 5th.
The Canadian dollar traded flat against the dollar on Monday at 1.3028.
The Swiss franc, considered a safe haven for traders, hardly changed at 0.9905 against the dollar.
Spot Gold built on last week's gains, changing hands at $ 1,221 an ounce, gaining 0.26%.
