Economic news

Dollar steady before G20 summit in Buenos Aires

The dollar was stable in choppy trade on Friday on the eve of a weekend meeting between U.S. and Chinese presidents that might lead to a relief in the Sino-U.S. trade war, which would support emerging market currencies.

Photo: Reuters

The dollar index .DXY stayed at 96.72 in Asian trade.

The greenback slipped 0.07 percent against the yen, which traded at 113.41.

The euro was firm at $1.1390, having surged in the last two sessions as the dollar weakened on Powell’s comments on rate hikes.

The pound sank 0.1 percent to $1.2779 as political risks persisted.

The Aussie skidded 0.08 percent to $0.7315 on the sluggish Chinese PMI numbers.

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