On Monday, the evergreen buck started off the week on rather a firmer footing, as fears regarding Deutshe Bank dropped and market participants looked ahead to this week’s American jobs data, while the British pound hit seven-week minimums after the UK set a March deadline to start its exit from the European Union.
The euro gained 0.1%, getting to $1.1231, though remained above Friday’s minimum of $1.1153 achieved before expectations of a reduced Deutsche settlement brought it up.
The greenback last traded +0.1% at 101.49 yen, staying above the previous week’s minimum of 100.085 yen, its weakest value since August 26.
The British pound tumbled 0.4%, reaching $1.2931 right after British Prime Minister Theresa May told that she would trigger the process for Great Britain to leave the European Union by the end of March. Earlier it touched $1.2902, its lowest outcome since August 16.
Risk sentiment benefited from the recent news that Deutsche Bank was trying to negotiate a much smaller fine with the American Department of Justice, although no formal settlement has been revealed yet.
