Trade Optimism Helps Steady Dollar – 21 October, 2019

The dollar was steady against a basket of major currencies, floating just under a three month high against the yen and above the two month low against the euro it hit the previous session. Against the yen, the dollar last stood at 108.58 yen per dollar. It was steady against the euro at $1.1148. The pound was just below a 5 1/2 month high at $1.2962 ahead of a parliamentary vote on Tuesday to determine next steps to handle Brexit. U.S. President Donald Trump stated that progress between the U.S. and China’s trade negotiations are going well, stating that steady progress could withdraw December tariffs. The dollar index was steady at 97.304 against a basket of major currencies, with the Aussie trading at $0.6867 and the kiwi at $0.6409.