The dollar held firm above a three-week low on Thursday as investors remained ca...
TOKYO - The dollar held firm above a three-week low on Thursday as investors remained cautious amid uncertainty over the progress in U.S.-China trade talks, while sterling rallied on bets that the chance of a no-deal Brexit was shrinking.
The dollar also found support on a flare-up in tensions between Pakistan and India, sending investors out of riskier markets and into safer assets. The dollar index against a basket of six major rivals last traded a shade higher at 96.100. It had edged up for the first time in four days overnight, after brushing a three-week low of 95.883 earlier in that session.
The pound was last up a tad at $1.3313. It had climbed as high as $1.3351 overnight, ending the session almost half a percent higher. “You’re talking about two nuclear powers...The danger factor of this escalating is definitely something,” State’s Wakabayashi said.
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