US dollar grinds lower on little news
- Date: 18-Sep-2020
- Source: Saudi Gazette
- Sector:Financial Markets
- Country:Middle East
US dollar grinds lower on little news
By Rony NehmeLONDON — Thursday was another day of erratic FX price action. The USD ground lower with the DXY more than reversing its move higher in the Asian session. EURUSD touched a low of 1.1737 in the Asian session before reversing up to around 1.1850 as the USD traded offered overnight in a flow-driven move, with little macro news of note.US equities finished lower (SPX -0.8%), GBP initially fell following the BoE meeting, in which policy tools were kept on hold (policy rate at +0.1%) but the BoE signaling that they will engage
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