Business News of Tuesday, 31 December 2019Source: www.reuters.comDollar eases, on track for smallest return in six yearsThe dollar dipped to a near three-week low against the yen in thin year-end volume on TuesdayThe dollar dipped to a near three-week low against the yen in thin year-end volume on Tuesday as investors favoured riskier assets, led by renewed optimism about global growth. The dollar index, which measures the currency against a basket of rivals, was flat at 96.728 in early Asian trade. It is now on track for the smallest rise since 2013. Increased optimism about U.S.-China trade relations and an improved global growth outlook drove investors out of other safe-haven assets like Treasury bonds while the risk-sensitive Australian and New Zealand dollars jumped to five-month highs. Sterling was last treading water at $1.3114 against the dollar after rising 2.8% so far this year.

Source: GhanaWeb December 31, 2019 01:30 UTC