The euro held at its lowest level in more than two years on Friday as quarter-en...
LONDON - The euro held at its lowest level in more than two years on Friday as quarter-end rebalancing flows boosted demand for the dollar, with investors unfazed by the latest political news out of the United States.
“Some corporate demand in the last few days seems to be boosting the dollar but our models show there should be net selling later in the day due to rebalancing flows,” said Manuel Oliveri, a currency strategist at Credit Agricole in London.was the other big loser in early London trading after Bank of England policymaker Michael Saunders hinted at looser monetary policy if Brexit uncertainty remained prolonged against a backdrop of disappointing global growth.
Markets are also digesting the impeachment probe launched into U.S. President Donald Trump and the latest headlines from the trade dispute between the United States and China.
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