In the News

Dollar, Yen Fall as Global Tensions Ease, Pound Rallies

(U.S. News) The safe-haven dollar and yen fell on Wednesday after global political worries eased with what markets perceived as positive news in Hong Kong, Italy and Britain.

The lower house of the British parliament voted on Wednesday to prevent Prime Minister Boris Johnson taking Britain out of the EU without a deal. It also rejected Johnson’s call for a snap election on Oct. 15, just weeks before Brexit, to free his hands.

“There is no way the UK leaves empty-handed. At this point, if there is enough popular pressure, there will be perhaps a second referendum on the Brexit question,” said Juan Perez, senior currency trader at Tempus Inc in Washington.


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