Led by strong gains against the British pound, the U.S. dollar rose against most of its main rivals in holiday-light trade. Global markets were subdued on worries that Britain could be headed for a messy exit from the European Union in which it could lose access to Europe’s vast and tariff free single market. Brexit uncertainty on the eve of a speech by British Prime Minister Theresa May on the matter weighed heavily on the pound which sank 1 percent to multimonth lows against the dollar, euro and yen. The U.S. currency was broadly in favor though it lost altitude against the yen, another popuRead the full report
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