Tuesday, 08 Sep 2020 09:03 AM MYT
In thin holiday trade the greenback had edged 0.2 per cent higher against a basket of currencies and rose by roughly the same margin against the euro to US$1.1816 . The meeting comes after the euro marked a two-year high just above US$1.20 at the beginning of the month, until comments about its level from ECB chief economist Philip Lane knocked it lower.
Elsewhere, the dollar traded firmly against the Japanese yen amid talk of a snap election — something that Yoshihide Suga, frontrunner to succeed Shinzo Abe in next week’s leadership ballot — signalled in a newspaper interview.The British pound, meanwhile, was the overnight laggard — shedding 0.8 per cent on the dollar — amid a fresh crisis in EU-UK trade negotiations.
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