Dollar gives up post-Fed gains, sterling hits two-month high

  • Friday 20, September 2019 12:37 PM
  • Dollar gives up post-Fed gains, sterling hits two-month high
Sharjah 24 –Reuters: The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks.
Sterling hit a two-month high of $1.2566 against the greenback, after European Commission President Jean-Claude Juncker said he thought Brussels could reach a deal with Britain to leave the European Union.

The Swiss National Bank, the Bank of England and the Bank of Japan all left their policies unchanged on Thursday. Their currencies rose, with the Japanese yen and Swiss franc both adding almost 0.2%, supported by safe-haven buying.