The pound, the euro and a clutch of trade-sensitive currencies rallied as the dollar slid to a six-month low on Tuesday as investor optimism about global growth prospects and the Phase 1 U.S.-China trade deal spurred a risk-on move.
NEW YORK: The U.S. dollar index recorded its smallest-ever annual move in 2019, up just 0.24% for the year after a drop in December reversed early gains as trade hopes and investor confidence diminished demand for the safe-haven asset.
The pound, the euro and a clutch of trade-sensitive currencies rallied as the dollar slid to a six-month low on Tuesday as investor optimism about global growth prospects and the Phase 1 U.S.-China trade deal spurred a risk-on move.
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