* Greenback drops to three-week low vs yen* New Zealand greenback jumps to seven-week excessive in opposition to U.S. greenback* Graphic: World FX
* Greenback drops to three-week low vs yen
* New Zealand greenback jumps to seven-week excessive in opposition to U.S. greenback
* Graphic: World FX charges in 2019 http://tmsnrt.rs/2egbfVh
By Olga Cotaga
LONDON, Nov 1 (Reuters) – The euro held its features in opposition to the greenback on Friday as traders offered the U.S. foreign money, anticipating america will quickly be a part of the worldwide financial slowdown.
The greenback and the Japanese yen, each seen as safe-haven investments, appreciated equally every time america seemed deadlocked in its commerce dispute with China.
However the greenback is dropping that standing, after poor U.S. financial knowledge. Traders don’t share the Federal Reserve’s confidence within the financial outlook due to the dangers posed by the commerce conflict, which contributed to declines by the greenback and U.S. Treasury yields.
Merchants have been seeking to a U.S. employment report, which was anticipated to point out job creation has slowed, highlighting issues in regards to the well being of the world’s largest economic system.
The Fed minimize rates of interest this week for the third time this 12 months, but it surely indicated additional cuts have been unlikely, citing pockets of energy within the U.S. economic system.
The euro was final up 0.1% at $1.1165, near a 10-day excessive.
The greenback additionally misplaced in opposition to the yen, final buying and selling at 107.89 yen, a three-week low, after Bloomberg reported that Chinese language officers have doubts about reaching a…