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SINGAPORE (Reuters) – The dollar has firmed on Monday against the pound sterling and the euro, while British efforts to secure an agreement on the Brexit ahead of a key summit of the dollar are expected. European Union have maintained the preference of global investors for safe haven currencies.
PHOTO OF FILE: This photo is illustrated in a bank of Seoul containing one hundred dollar bills. January 9, 2013, REUTERS / Lee Jae-Won / Photo File
The EUR = EUR was traded around 0.1% at 1.1549 on Monday, while the Pound = lost 0.34% at 1.3109 after peaking. October of 1.3258 on Friday.
The .DXY dollar index, an indicator of its value against six major peers, rose 0.1% to 95.31.
The border problem between Britain and Ireland thwarted the attempt to reach an agreement on Brexit, as weekend negotiators acknowledged their defeat after the marathon talks and insisted on a break for the next few days.
The pound is also under pressure after former British Foreign Minister Boris Johnson said in a newspaper column Sunday that Britain must stand up to the tyrants of the European Union and push for an agreement on the "super-Canada".
Johnson, the figurehead of the campaign to leave the EU in 2016 and favorite bookmakers to replace Prime Minister Theresa May, is the latest critic to have redoubled efforts to urge the Prime Minister to rethink his plan to leave the union .
"Brexit is the main target of the pound sterling and the data is just a distraction," said Kathy Lien, managing director of FX strategy at BK Asset Management. "Time is running out and an agreement is approaching, but after being burned by false hopes, investors are ignoring contradictory headlines and waiting for official confirmation."
The yen yen = strengthened 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 AUD = 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 CAD = traded flat against the dollar on Monday at 1.3028.
The Swiss franc CHF =, regarded as a safe haven for traders, has hardly changed at 0.9905 against the dollar.
In cash, XAU = built on last week's gains, changing hands at $ 1,221 an ounce, gaining 0.26%.
Vatsal Srivastava; Edited by Sam Holmes
