Economic news

Dollar firm in cautious trade

The dollar advanced against its major counterparts on Monday, as investors turned their attention to safe harbor currencies as concerns over a global growth slowdown and U.S.-Sino trade relations affected risk appetite.

Photo: Reuters

The dollar’s index was stable at 96.888 .DXY, nearly this year’s high of 97.704 breached two weeks ago.

The yen traded at 113.22, with the greenback surging 0.25 percent over its Japanese peer.

Sterling stayed at $1.2818 after European Union leaders approved a "withdrawal agreement" for Britain on Sunday.

The New Zealand dollar was virtually flat at $0.6784. It earlier scaled an intra-day trough of $0.6753 as traders digested sluggish retail sales numbers.


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