Euro Slumps To Two Year Low – 26 September, 2019

Investors flocked to the safe haven dollar on U.S.- China tensions, helping the currency hold to multiple week highs against major currencies. It last stood steady against the yen at 107.75 yen, just below a one week peak. Against the euro, it edged to $1.0916 as the euro slipped to a two year low. The pound slipped to $1.2325, just above a two week low, as the Brexit negotiations heat up in hopes legal and operational plans will be ready to propose. The offshore yuan eased to 7.1300 per dollar. The dollar index gained overnight against a basket of major currencies to 99.215, its highest since the beginning of the month. The Australian dollar was slightly firmer at $0.6754, and the kiwi gave up some progress to $0.6295.