Dollar hits 13-month peak, yen also bullish as appetite for risk deteriorates

More from: | |

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar rose to a 13-month high against a basket of currencies on Friday and the yen also made big strides, with investor appetite for risk dropping amid escalating global trade tensions and diplomatic wrangling.

The euro fell to its weakest since July 2017, while the pound dropped to its lowest in a year amid speculation Britain will leave the European Union without an agreement regarding its future relationship with Brussels.

The (), which measures the greenback’s strength against a group of six major currencies, climbed more than 0.6 percent to 96.103, its highest since July 2017.

The greenback has been


Read full article »

About | | is a global financial portal and internet brand composed of 28 editions in 21 languages and mobile apps for Android and iOS that provide news, analysis, streaming quotes and charts, technical data and financial tools about the global financial markets. Each edition covers a broad variety of local and global financial vehicles including Stocks, Bonds, Commodities, Currencies, Interest Rates, Futures and Options. Founded in 2007, has a growing readership worldwide and is now a leading global financial portal committed to constantly launching innovative features and sections to ensure an optimal one-stop source for its readers.

»Twitter: @investingcom »Facebook: @investingdotcom