The dollar nursed losses on Thursday, hitting near one-week lows against the eur...
The weakness in the U.S. follows a slew of poor economic data from Europe and signs of a hastening slowdown in China.
Adding to concerns, the United States won approval on Wednesday to levy tariffs on $7.5 billion worth of European goods over illegal subsidies handed to Airbus, threatening to trigger a transatlantic trade war. The next readings on global economic health will be European August retail sales and a German service sector survey due on Thursday, and September’s U.S. non-manufacturing ISM survey due at 1400 GMT.was steady at $1.2302 after fluctuating in a tight range as British Prime Minister Boris Johnson proposed an all-island regulatory zone in Ireland in his final pitch for a Brexit deal before the end of the month.
Sterling’s outlook, however, remained uncertain after a cool response to the proposal from Brussels, leaving a no-deal exit from the European Union on Oct. 31 a real possibility. “The question appears to be whether there is enough middle ground for the two sides to come to some sort of agreement by the time of the EU Summit on Oct. 17,” said Rodrigo Catril, senior FX strategist at National Australia Bank in Sydney.was steady at 7.1452 per dollar, with trade subdued as Chinese markets are closed until Monday for public holidays.
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