Pound sterling hit its lowest level since January 2017 amid growing investor concern over Brexit without a deal, while warring British lawmakers continued to struggle to control negotiations on leaving the European Union.
Pound sterling hit its lowest level since January 2017 amid growing investor concern over Brexit without a deal, while warring British lawmakers continued to struggle to control negotiations on leaving the European Union.
The euro fell to more than a two-year low, as the weak economic data in the eurozone strengthened expectations that the European Central Bank will soften monetary policy following a meeting next week.
The yuan sank to a record low against the dollar in the offshore market due to weakening expectations for a US-Chinese trade conflict resolution.
The pound fell by 0.4% to 1.2015, losing 0.8% - the biggest drop in more than three weeks. The euro against the pound was trading at 91.10 pence, having risen in price by 0.08%.
The dollar index grew by 0.17% to 99.240% against a basket of major currencies. US financial markets were closed on Monday on the occasion of Labor Day. On the offshore market, the yuan was trading at 7.1858 per dollar, near the low since the start of international trade in this currency in 2010.
Yuan weakened after Bloomberg News reported that Chinese and US officials have so far failed to agree on a schedule for the next round of trade negotiations.
The euro fell by 0.22% to $ 1.0942. On Monday, the single currency also lost 0.2%.
The Australian dollar was trading without sharp fluctuations at the level of $ 0.6719 after the Reserve Bank of Australia left the key rate unchanged at a historic low of 1%.
Meanwhile, oil prices are trading mixed on Tuesday, as the ongoing trade war between the US and China continues to have a dramatic negative impact on markets, while investors are worried about weak economic data and OPEC production growth.
Futures on Brent remained unchanged at $ 58.66 per barrel. Futures for US light WTI crude oil fell by 0.44% to $ 54.86 per barrel.
GBPUSD: Buy. Entry point – 1, 2152. Take profit – 1, 2174. Stop Loss – 1, 2115.
USDCAD: Sell. Entry point – 1, 3329. Take profit – 1, 3348. Stop Loss – 1, 3296.
USDCHF: Buy. Entry point – 0, 9923. Take Profit – 0, 9941. Stop Loss – 0, 9892.
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