Now I’m going to discuss about this tiny story about dollar market.
The dollar held above a three-week low on Thursday as investors remained cautious amid uncertainty over progress in US-China trade negotiations, while sterling strengthened on speculation that Brexit opportunities without a contract shrank.
Monthly gauge of factory activity in China and Japan came in weaker than expected on Thursday, offering new evidence that the seven-month US-Sino trade dispute is taking its toll on economic growth worldwide.
The dollar largely held gains recorded during the previous session after US Trade Representative Robert Lighthizer said at a congressional hearing that it was too early to predict results in US-China trade negotiations.
The greenback also found support for increasing tensions between Pakistan and India, sending investors out of risky markets and entering safer assets.
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