U.S. Dollar Falls as Trade Deal Uncertainty Spreads
Monday, 18 November 2019 23:27 WIB | CURRENCIES |DOLLAR
The U.S. dollar fell on Monday after CNBC reported that Chinese officials are pessimistic that a trade deal will be signed.
The report, which cited government sources, said the bleak outlook was due to U.S. President Donald Trump™s reluctance to roll back tariffs. China has been pushing for the two sides to remove tariffs as they work on a phase one trade deal. Trump has said that he has not agreed to end tariffs, causing uncertainty on whether or not there will be a deal. Since then, both sides have said they are making progress but have not given any details on the outcome of talks.
The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, fell 0.2% to 97.700 as of 10:25 AM ET (15:25 GMT).
The safe-haven Japanese yen was higher with USD/JPY down 0.1% to 108.59.
Elsewhere, sterling was steady, after rising 0.4% earlier in the session on news that all Conservative Party candidates at the Dec. 12 election have pledged to back Prime Minister Boris Johson™s Brexit deal. Opinion polls suggest that the Conservatives will win the election.
GBP/USD rose 0.4% to 1.2953 while EUR/USD was up 0.2% to 1.1068.
Source : Investing.com
Friday, 24 January 2020 23:32 WIB
The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose ...
Friday, 24 January 2020 15:37 WIB
The U.S. dollar is showing some strength against the safe haven Japanese yen Friday as a degree of calmness returns to traders who have fretted all week over the new pneumonia-like virus in China.
Friday, 24 January 2020 08:51 WIB
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China™s coronavirus outbreak propped up ...
Friday, 24 January 2020 00:11 WIB
EUR/USD is trading in a weak downtrend below the main simple moving averages (SMAs). Additionally, the spot is also breaking down from an ascending channel which started in October 2019. The bull flag...
Thursday, 23 January 2020 16:08 WIB
The safe haven Japanese yen gained against the U.S. dollar Thursday on a sharp bout of risk aversion, as battles to contain the new pneumonia-like virus in China intensified, although volatility remai...