Dollar holds firm on China tensions; negative rates talk sinks pound | Malay Mail

Monday, 18 May 2020 09:27 AM MYTSINGAPORE, May 18 — The dollar held its ground today as concern about global tensions with China overshadowed improving sentiment from easing coronavirus lockdowns, while talk of negative interest rates pushed the pound to an almost two-month low.

The greenback was steady on most other Asian currencies after gains last week and flat against a basket of currencies at 100.380. It held the New Zealand dollar below 60 cents at US$0.5934, just above a three-week low. “Also comments last week from Fed officials around the risks to the US economy being skewed to the downside, risks around a second wave of infection, I think that will also continue to underpin the US dollar this week.”

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