Market News
Dollar rises against safe-haven currencies buoyed by US-UK trade deal - REUTERS
- Summary
- Trump announces US-UK trade deal
- Dollar hits four-week high against Japanese yen
- Markets eyeing U.S.-China trade talks
- Dollar index reaches highest since April 10
NEW YORK, May 8 (Reuters) - The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves soothed by a bilateral trade deal between the United States and the United Kingdom, while sterling reversed gains made after an interest rate cut from the Bank of England.
U.S. President Donald Trumpannounced a "breakthrough" trade agreement with Britain on Thursday, which leaves in place a baseline 10% tariff on British imports including vehicles.
