Greenback grows versus pound, euro amid political uncertainty

Greenback grows versus pound, euro amid political uncertainty

On Tuesday, the evergreen buck strengthened versus crucial currencies because the common currency and sterling were suppressed by political uncertainties in the United Kingdom and Eurozone.

Assessing the greenback’s value versus a basket of six counterparts on a regular basis, the dollar index ascended 0.2%, showing 97.659, drifting away from a 6-1/2-month minimum of 96.797 achieved the previous week.

On Monday, American and British markets were unavailable due to holidays, giving traders fewer directional clues.

The British pound sank 0.2%, being worth $1.2816, moving toward a three-week minimum of $1.2775 hit on Friday, while the common currency sank 0.3%, trading at 1.1128.

As for the common currency, it was on the defensive as concerns over Greece's financial situation re-emerged too, after on Monday the country’s finance minister told that its creditors required reaching a deal on debt relief measures at the next gathering of euro zone finance ministers just assist the country in getting back to bond markets.



British pound is near day’s maximums on UK retail data

On Thursday, the British pound was near the day’s maximums after data revealed that British retail sales tacked on at a far faster pace than anticipated in November as market participants waited for the outcome of the Bank of England’s monetary policy…


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