Euro undeterred by Jan flash PMI numbers Sterling sets its eyes on $1.40, near 3-yr high
LONDON, Feb 19 (Reuters) - The U.S. dollar slipped further on Friday and the euro rebounded after disappointing U.S. data dented optimism for a speedy recovery from the COVID-19 pandemic, while sterling edged towards the $1.40 mark.
The U.S. currency had been rising as a jump in Treasury yields on the back of the so-called reflation trade encouraged investors back into the greenback.
But an unexpected increase in U.S. weekly jobless claims soured the economic outlook and sent the dollar lower overnight.
On Friday it traded down 0.1% against a basket of currencies, the dollar index now at 90.474.
Dollar slips further after disappointing jobs data, sterling shines
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Dollar nurses losses after jobs data mars recovery narrative; sterling buoyant
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Dollar nurses losses after jobs data mars recovery narrative; sterling buoyant
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