The dollar edged up on Monday, hovering close to a near three-month high as inve...
TOKYO - The dollar edged up on Monday, hovering close to a near three-month high as investors continued to favour the greenback amid global growth concerns, while sterling kept declining on uncertainty over Britain’s exit from the European Union.
The index was 0.3 percent shy of its recent peak of 97.710 hit last Thursday, its highest since Dec. 14. It is up 1.3 percent this year. “That’s pushing down the euro and other currencies,” he said. “The U.S. is not particularly strong, but other areas are weak. That’s why the dollar is relatively strong.”
On Monday, most currencies stayed within well-trodden trading ranges before U.S. retail sales figures for January due at 1230 GMT and U.S. February inflation figures expected on Tuesday. His remarks followed a warning from two major eurosceptic factions in parliament that Prime Minister Theresa May was likely to face heavy defeat in a parliamentary vote on Tuesday on whether to approve her EU exit plan.
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