* Greenback drops to three-week low vs yen* New Zealand greenback jumps to seven-week excessive towards U.S. greenback* Graphic: World FX charges i
* Greenback drops to three-week low vs yen
* New Zealand greenback jumps to seven-week excessive towards U.S. greenback
* Graphic: World FX charges in 2019 http://tmsnrt.rs/2egbfVh (Provides contemporary quotes, context, updates costs)
By Olga Cotaga
LONDON, Nov 1 (Reuters) – The euro held its positive factors towards 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 information. Buyers don’t share the Federal Reserve’s confidence within the financial outlook due to the dangers posed by the commerce battle, which contributed to declines by the greenback and U.S. Treasury yields.
Merchants had been trying 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 yr, but it surely indicated additional cuts had been unlikely, citing pockets of power within the U.S. economic system.
The euro was final up 0.1% at $1.1165, near a 10-day excessive. October was the foreign money’s finest month since January 2018.
Subsequently, “momentum is there for additional short-term positive factors if we see…