Dollar slips on weak data, Brexit doubts

Economies.com
2019-10-17 18:16PM UTC

The US dollar fell against most major currencies today, after the release of weak economic data, amid concerns over the chances of the British parliament to pass the deal.

 

The United Kingdom and the European Union announced today that they have agreed on a draft deal for the UK departure for the EU, which would prevent chaotic repression on the British economy.

 

British Prime Minister, Boris Johnson, urged the British lawmakers to support the deal in order to move on other priorities such as the environment, protecting society from violent crimes and improving the living conditions, as he described it as a great new deal that takes back control.

 

The British parliament will vote on the draft deal on Saturday amid broad expectations for rejection, which will make matters worse and increase the odds for a no-deal Brexit.

 

The US economy showed today that the industrial production fell by 0.4% in September and the jobless claims increased last week.

 

As of 18:05 GMT, the dollar index fell by 0.4% to 97.5 points, with an intraday high of 98.1 and a low of 97.5 points.

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