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| Commodity News |
| HeadLine : |
Sterling shines on Brexit hopes, yen eases on trade optimism |
| Date : |
Oct 11 2019 |
Sterling was the biggest mover overnight, jumping 2% to a two-week high versus the dollar and posting its largest daily percentage gain in seven months on hopes of a Brexit resolution. Irish Prime Minister Leo Varadkar said on Thursday a Brexit deal could be clinched by the end of October to allow the United Kingdom to leave the European Union in an orderly fashion, after what he called a very positive meeting with Boris Johnson. The euro also gained against the dollar, rising to $1.1007. It
had climbed as high as $1.1034 in U.S. trade on Thursday, its strongest in almost three weeks. The yen eased to 107.92 yen to the dollar , having shed about 0.45% the previous day. Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday, as business groups expressed optimism the two sides might be able to ease a trade war and delay a U.S. tariff hike scheduled for next week.
Source : Investing
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