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Dollar rise, UK withdrawal from Europe is uncertain again

2019-10-21T21:49:56.774Z

[New York 21st Reuters]-In the New York foreign exchange market, the dollar's exchange rate has picked up as the outlook for Britain's withdrawal from the European Union has again become uncertain. The UK and the EU agreed on a new withdrawal agreement last week,



[New York 21st Reuters]-In the New York foreign exchange market, the dollar's exchange rate has picked up as the outlook for Britain's withdrawal from the European Union has again become uncertain.

The UK and the EU agreed on a new withdrawal agreement last week, but the House of Representatives Berkow refused to vote on that day to approve a new EU withdrawal agreement that day. .

The British pound and the euro rose and the dollar had fallen against the backdrop of an optimistic view of the UK's withdrawal from the EU, but the withdrawal agreement was approved by 31 days before the deadline by President Berkow. As the question came up, the dollar began to rise.

The British pound was against the US dollar <GBP => for the first time in five and a half months, but was on the $ 1.30 level, but at the end of New York trading it was 0.097% down to $ 1.297. “The UK's withdrawal from the EU has had a major impact on exchange rate fluctuations,” said Daniel Katsjib, head of North American foreign exchange strategy at BNP Paribas (New York).

The dollar index <.DXY> for the six major currencies is 0.05% higher. However, it is 2.05% lower than the beginning of the month.

The dollar moved around 1.115 dollars against the euro, but rose to 108.58 yen against the yen <JPY =>.

Canadian dollar <CAD => rose 0.31% against the US dollar. In the general election held on that day, attention is paid to whether the ruling and liberal parties led by Prime Minister Trudeau can maintain their administration.

Carl Shamotta, chief market strategist at Cambridge Global Payments, pointed out, “In Canada, the election results that have been revealed this evening are attracting attention. “If the Liberal Party maintains power, or if the Liberal Party is likely to form a coalition with the New Democratic Party (NDP), the view is that the Canadian dollar will be somewhat depressed. If the party takes power, the Canadian dollar could rise slightly. " However, in either case, the view was that the fluctuation range would be about 50-100 basis points (bp).

Dollar / Yen NY closing price 108.59 / 108.62

Open price 108.58

High 108.64

Low 108.46

Euro / dollar NY closing price 1.1148 / 1.1150

Opening price 1.1161

High 1.1174

Low 1.1140

Source: asahi

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