The dollar largely held onto the previous session’s gains in early Asian trade today, while sterling edged up on news that Britain could leave the European Union without a Brexit deal at a slightly later date. Britain could leave the European Union without a Brexit deal on April 12 if lawmakers next week reject May’s agreement with Brussels, EU leaders said on Thursday. They also gave the British leader an extra two months, until May 22, to leave if she wins next week’s vote in parliament. Asian stocks headed for a fresh five-month high, while bond yields slumped to multi-year lows as investors assess prospects for the end of monetary-policy normalization by major central banks. In currencies, the dollar was a shade lower at 110.71 yen, staying well away from the 111-level last breached before the Fed’s rate announcement. The euro was a tad lower at $1.1370, extending losses into a second session after dipping one-third of a percent overnight while the Sterling rose one-sixth of a percent to $1.3140. It had retraced sharp losses overnight, when it touched as low as $1.3004. The Indian Rupee opened stronger by a huge margin of 18 paisa at 68.64/65 against its previous session’s close of 68.82/83 and is expected to trade between 68.40 - 68.80 ranges today tracking a dovish Fed in 2019.
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