Dollar firmer as global growth concerns support flight-to-safety bid [Reuters]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
Dollar firmer as global growth concerns support flight-to-safety bid | Reuters 4 Min Read SINGAPORE (Reuters) - The dollar held broad gains on Monday as investors sought shelter in the world’s most liquid currency on fears of a slowdown in global economic growth and as U.S.-Sino trade tensions sapped risk appetite. The greenback, considered a safe haven currency, advanced as last week’s capitulation in oil prices raised investor concerns that the global economic recovery was losing steam. The British pound GBP= changed hands at $1.2804, declining 0.05 percent versus the dollar. European Union leaders sealed a Brexit pact on Sunday calling it the "best possible" deal that Britain could have achieved. A vote in the British parliament is expected to take place just before the next EU summit on Dec. 13-14 and most analysts expect sterling to remain subdued until then. With Brexit issues apparently settled in the immediate-term, currency traders are looking to the upcoming G20 meeting in B
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