The dollar edged up early on Monday, hovering close to a near three-month high a...
TOKYO - The dollar edged up early on Monday, hovering close to a near three-month high as investors took cover in the currency amid global growth concerns, while sterling extended its decline on an uncertain outlook over Britain’s exit from the European Union.
The index was just shy of its recent peak of 97.710 hit last Thursday, its highest since Dec. 14 last year. It is up 1.3 percent so far 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, the British pound gave up 0.4 percent to $1.2968 after briefly dipping to a near three-week low on nervousness over Brexit. The currency had already fallen for seven straight sessions.
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