Surging Pound Pushes Dollar Lower -- Market Talk
December 13 2019 - 11:01AM
Dow Jones News
10:30 ET - The British pound's post election surge is weighing
on the US dollar. The ICE Dollar Index, which measures the US
currency against a basket of six others, was recently down 0.3% at
97.09, approaching its lowest level since July. The weakness was
mostly due to losses against the pound, which was recently up 1.3%
on bets that a large Conservative majority would ensure a smooth,
orderly Brexit. In fixed income, yields on the benchmark US 10-year
Treasury note were little changed at 1.884%.
(ira.iosebashvili@wsj.com)
(END) Dow Jones Newswires
December 13, 2019 10:46 ET (15:46 GMT)
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