Sunday 21 May 2017

Dollar Hovers Near 6-month Lows Amid US Political Uncertainty

The dollar struggled to push ahead on Monday, holding near six-month lows against a basket of currencies as investors assessed the impact of U.S. political turmoil and a resurgent euro. 

The dollar index, which tracks the greenback against a basket of six major rivals, inched up 0.1 percent from Friday’s late U.S. levels to 97.235. But it was hovering not far from the previous session’s 97.080, which was its lowest since Nov. 9.
Asian investors continued to monitor the situation on the Korean peninsula, after North Korea fired a ballistic missile into waters off its east coast on Sunday, its second missile test in a week. South Korea said the launch dashed hopes for Seoul’s new liberal government’s aim for peace between the neighbors. For Any Information Please Visit : www.paceresearchindia.com and Call : 8817774774

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