Forex — Dollar Index Extends Losses Dominate Geopolitics

© Reuters. Dollar pushes lower as compared to other majors such as geopolitical concerns persist — The dollar extended earlier losses against other major colleagues on Tuesday, as a series of geopolitical concerns continue to be the mood of the market is dominated, in the absence of important US economic data reports.

The safe-haven yen and Swiss franc pushed higher, with USD/JPY down 0.56% at 112.03, and with USD/CHF declining 0.61% to 0.9737.

Investors remained cautious after reports last week that North Korea is preparing a long-range rocket test.

There were fears that Pyongyang could mark Tuesday, when it celebrates the founding of its ruling party, with any kind of provocation.

In the meantime, the diplomatic tensions between the United States and Turkey have maintained after the suspension of the visa-Service between the two countries, while Iran has vowed a «crushing» response, Washington should expect that the revolutionary guards a terrorist group.

In Spain, the Director is thrown, the ruling Spanish people’s party, warned the Catalan leader Carles Puigdemont on Monday that he could be in jail if he followed through with a planned Declaration of independence on Tuesday.

But EUR/USD was up 0.65% at 1.1816, the highest since the 2. October.

Elsewhere, GBP/USD advanced 0.58% to trade 1.3217, according to previous data showed that the UK manufacturing sector rose more than expected in August.

In other news, UK Prime Minister, Theresa May, the Parliament said on Monday that it will exit a two-year transition period following the UK from the European Union.

Can also said that preparations were in progress, in the case of the UK and the EU were not able to reach a deal on their future trading relationship.

The Australian and new Zealand dollars were stronger, with AUD/USD up 0.54% at 0.7794 and NZD/USD up 0.23%, increased to 0.7082.

Meanwhile, USD/CAD 0.45% broke at 1.2494.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.62% 92.98 at 10:50 am ET (14:50 GMT), the lowest since the 2. October.

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