U.S.- China Trade Talks Continue, Dollar Holds Gains – 27 February, 2019

Investors were cautious due to ongoing uncertainty in the progress of trade talks between the U.S. and China, while the pound has continued to be affected by the possibility of a no-deal Brexit and Prime Minister Theresa May’s final chances to come up with a deal that would be accepted. After hitting a three week low of 95.883, the dollar index edged up to 96.100 against six major rivals. Sterling managed to edge up to $1.3313, and has gained roughly 1.5 percent against the dollar this month. The euro remained steady at $1.1376, while the yen was last up to 110.86 yen per dollar after briefly hitting a high of 110.335 yen overnight.