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Dollar steps back from 3-1/2 month highs as yields stabilise
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Dollar dips, off three-and-a-half month highs as Treasury yields stabilise
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Thursday, 11 Feb 2021 06:59 PM MYT
Pound Sterling notes and change are seen inside a cash register in a coffee shop in Manchester September 21, 2018. Reuters pic
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LONDON, Feb 11 Sterling traded in recent ranges today, above the US$1.38 (RM5.58) mark hit earlier this week in relatively quiet currency markets owing to a Chinese holiday and a sparse data calendar.
Optimism over the speed of Britain’s Covid-19 vaccination programme compared to other countries in Europe and expectations of a weaker dollar this year have boosted the pound to nearly 3-year highs against the dollar and its highest since May 2020 against the euro.
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