Investors Leave Dollar For Higher Risk – 9 September, 2019

In search for riskier investments, the dollar to dipped on Tuesday as investors ditched the greenback on optimism in U.S.- China trade talks as well as the possibility of a Brexit deal coming into play. The pound hit a six week high of $1.2385, while the Australian dollar reached $0.6875, also a six week high. Against the dollar, the yen dipped to a five week low of 107.46. The euro rose to as high as $1.0167, and sterling was steady at a six week high of $1.2344. British Prime Minister Boris Johnson vowed to have a Bexit deal in time for the European Summit next month.