Dollar Remains Steady After Presidential Impeachment – 19 December, 2019

Fears of a chaotic exit from the European Union caused sterling to dip, while little movement happened with the U.S. dollar after the House of Representatives voted to impeach President Trump. The dollar index was just below the six day high of 97.475 it hit the previous session, last standing at 97.40. Investors are still keeping a close eye on the pound as pressure for a hard exit is set, an initial announcement that caused the currency to slip and has shed almost 2% overnight to last stand at $1.3083. The Australian dollar climbed to $0.6883 on job data, and the New Zealand dollar is moving away from its one week low of $0.6588 with better than anticipated growth data. The yen was mostly flat at 109.59 per dollar, and the euro last stood at $1.1119 against the greenback.