Investing.com – The U.S. dollar slipped on Tuesday as investors waited for more guidance on future rate cuts from the Federal Reserve, while risk appetite was heighted on optimism that the U.K. won’t leave the European Union without a deal.
The , which measures the greenback’s strength against a basket of six major currencies, was down 0.1% to 97.470 as of 10:54 AM ET (13:54 GMT). The Fed is expected to cut rates for the third time this year when it meets on Wednesday.
Meanwhile, trade tensions remained, but subsided somewhat after U.S. President Donald Trump said a trade agreement with China was ahead of schedule (altough wihout more details). Washington is also considering whether to extend tariff suspensions that are set to expire in December.
The safe-haven Japanese yen was flat with at 108.93.
Elsewhere, sterling was higher as opposition Labour Party leader Jeremy Corbyn said his party could support a general election before December now that the European Union has extended the Brexit deadline to Jan. 31, 2020. A vote is expected later in the day on whether or not to hold an election. On Monday, parliament refused Prime Minister Boris Johnson’s third demand for an election.
rose 0.2% to 1.2886 while was up 0.1% to 1.1105.
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