Recession Fears Cause Dollar To Land On Shaky Grounds – 3 October, 2019

Fears of a recession as showed in a recent poll caused the dollar to fall, with the fear of the damage that could be done by the U.S.- China trade disputes leading the worries. The dollar fell 0.15% against the yen to 106.78 yen, falling to a one month low of 106.48 the previous session. The dollar index dropped 0.9%, moving away from the 2 1/2 year high hit earlier, to 98.816. The greenback is down 0.3% for the week. The euro rose 0.15% to $1.0980, digging itself out of the 2 1/2 year low it hit earlier in the week of $1.0879, gaining 0.34% for the week. Sterling was up 0.2% to $.2333, though precautions are still being taken while Brexit discussions are on the table.