Forex – Dollar at 3-Week Lows, Pound Hits Post Brexit Highs

© Reuters. Dollar at 3-week lows, pound hits post Brexit highs – The dollar slid to three week lows against a currency basket on Tuesday as concerns over tensions between the U.S. and Russia eased, while the pound hit a post Brexit high ahead of the latest UK jobs report.

The , which measures the greenback’s strength against a basket of six major currencies, was down 0.12% to 89.02 by 04:20 AM ET (08:20 AM GMT), the lowest level since March 28.

The dollar drifted lower as risk appetite improved amid expectations that U.S.-led missile strikes on Syria over the weekend would not lead to an escalation into a broader conflict.

But geopolitical tensions remained in focus amid lingering concerns over a simmering U.S. – China trade spat.

The dollar came under pressure on Monday after U.S. President Donald Trump accused Russia and China of in a Twitter post.

The tweet came after the U.S. Treasury Department published its semi-annual report on currencies on Friday and declined to name China as a currency manipulator.

China’s foreign ministry said on Tuesday that information coming out of U.S. regarding the Chinese currency is .

The dollar was lower against the yen, with down 0.14% to 106.97.

The euro rose to three week highs, with advancing 0.13% to 1.2396.

The pound hit a 22-month high against the dollar, with last up 0.15% to 1.4359.

The gains in the pound came ahead of a jobs report that was expected to show that wage growth overtook inflation in February, easing a cost of living squeeze and raising the chances for a rate hike by the Bank of England next month.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.