Media ININ Economy We Trust
Media IN LONDON, June 10, 2019, SPA
The euro fell 0.2% to $1.1306 after hitting $1.1348 last week, its highest since March.
The dollar index gained 0.3% to 96.825. The greenback had weakened last week after poor economic data encouraged investors to scale up their bets that the Federal Reserve would soon cut interest rates.
The Mexican peso surged more than 2% after the United States and Mexico struck a deal on migration to avert a trade tariff war.
The yen shed 0.3% to 108.65 after earlier hitting its weakest since late May, though it remains more than 3% stronger than its levels of April. China’s yuan brushed its lowest since late November after weak import data reignited worries about slowing domestic demand. The offshore rate was slightly lower at 6.9532 yuan per dollar but held above Friday’s 2019 low.
Sterling was caught by the dollar’s recovery and a surprise 0.4% contraction in British gross domestic product in April. The pound fell 0.4% to $1.2689.
