Shutterstock photo
Markets

Forex - Dollar little changed, pound remains supported

Shutterstock photo

Shutterstock photo

Investing.com -

Investing.com - The dollar was little changed against a basket of other major currencies in quiet trade on Monday, while the pound remained supported after Bank of England Governor Mark Carney said interest rates could rise before wage growth picks up.

GBP/USD was up 0.22% to 1.6728 from 1.6691 late Friday.

Sterling strengthened after Carney said that the bank did not have to wait for wage growth to recover before raising interest rates, shifting away from comments last week indicating the opposite.

Investors were looking ahead to Wednesday's minutes of the BoE's August policy meeting for indications that the bank is moving closer to hiking borrowing costs.

Elsewhere, EUR/USD eased 0.07% to 1.3392.

Investors were cautiously optimistic that a meeting due to take place between Russian and Ukraine's foreign ministers later in the day would result in a breakthrough to ease geopolitical tensions in the region.

The dollar was higher against the yen and the Swiss franc, with USD/JPY edging up 0.10% to 102.46 and USD/CHF adding 0.19% to 0.9041.

The Australian and New Zealand dollars were steady, with AUD/USD inching up 0.02% to 0.9322 and NZD/USD adding 0.08% to 0.8492. USD/CAD slipped 0.17% to 1.0879.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.02% to 81.49.

Investing.com offers an extensive set of professional tools for the financial markets.

Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx