Dollar Gains On Delayed Brexit Talks – 14 March, 2019

With a vote for an extension of the divorce of Britain from the European Union past the original March 29th proposed deadline, the dollar advanced slightly, while the pound dipped. Sterling was down 0.54 percent to $1.3266 as Prime Minister Theresa may pushed lawmakers to extend the original deadline, pressuring them as parliament prepared a vote on the extension. Against a basket of major currencies, the dollar index gained 0.22 percent to 96.757, having fallen the night before to a nine day low of 96.385. With suggestions of a slowing U.S. labor market with lower than expected employment data and a higher number of Americans filing for unemployment, other data shows a rise in import prices for February to the highest in over nine months. The Australian dollar dipped to $0.7061, 0.54 percent and the lowest in three days on news that the U.S. and China delayed their meeting to end an ongoing trade war. The yuan was down 0.31 percent to 6.7230.