Dollar Weakens As The Year Ends

USD

Thin end-of-year volumes exacerbated broad weakness in the U.S. dollar on Monday, which dipped for three straight sessions and on Friday suffered its biggest one-day fall since March this year. The dollar index, which measures the currency against a basket of six rivals, weakened 0.22% to 96.708 in North American trade. With Friday’s loss, the index’s gains for the year have shrunk to around 0.6%, compared to growth of about 4.4% in 2018.

The South China Morning Post reported on Monday that Chinese Vice Premier Liu He will visit Washington this week to sign the Phase 1 trade deal with the United States.

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