Dollar Held Back By Progress in Trade Talks And Brexit Woes – 14 October, 2019

Optimism about trade negotiations between the U.S. and China as well as continued Brexit tensions cause the dollar to stand just under 2 1/2 month highs against the yen. The dollar was steady against the yen at 108.35 yen, just below its 2 1/2 month high of 108.63 yen hit last week. Although talk of progress between the worlds two biggest economies have outlined a plan, a lack of relevant details left investors using caution. After a three week high of $.1062 hit last week, the euro was flat at $1.1026 versus the dollar. The pound was last trading at $1.2604 against the dollar.