Investing.com investing.com 29 Dec, 2020 03:30 am

Dollar languishes amid pandemic aid optimism, pound meanders By Reuters

Dollar languishes amid pandemic aid optimism, pound meanders By Reuters
Dollar languishes amid pandemic aid optimism, pound meanders

dollar banknotes are seen in this illustration TOKYO (Reuters) - The dollar languished near a 2-1/2-year low on Tuesday with demand for safe-havens flagging as U.22260 early in the Asian session, hovering near the 2-1/2-year high of 1.Last week's Brexit agreement, while bare bones, also supported the outlook for global growth, lifting Asian stocks on Tuesday following Wall Street gains."People are still trying to figure out what this Brexit agreement means," weighing on the pound, said State Street's Wakabayashi.

"Optimism abounds, and it’s generally coming from equity markets," said Bart Wakabayashi, Tokyo Branch manager of State Street (NYSE: STT ) Bank and Trust.Investors have taken profits in the UK currency following the confirmation last week of a Brexit trade deal that was widely expected.

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