US dollar generally maintains positions at Asian trading

Posted 25 July, 2018

At the Asian trading, the US dollar generally maintains positions with the rate staying generally stable.

At present, the market insiders, both investors and traders, are willing to see the results of the meeting between the US President Donald Trump and the Chief of EC Jean-Claude Juncker.

This visit to the USA is said to be considered as the last cast to avoid the large-scale trade war with the USA. Specifically, the EC representatives will discuss with Donald Trump trade issues, which is believed to be an attempt to reduce tensions between the parties. However, the source in the know noted that it would be difficult to find any signs of optimism.

The euro-to-US dollar rate rose to some $1.1624, while the yesterday's trading was closed at $1.1687. 

The US dollar-to-yen rate moved up to 111.22 (111.20 a day before). Meanwhile, the euro against the Japanese yen reached 130.01 (129.93).

The ICE US Dollar index reportedly dropped by 0.01%. The WSJ Dollar index that shows positions of the greenback against 16 majors, weakened similarly.

According to the Goldman Sachs, currencies in developing economies can be depressed next months. However, the main victims are believed to be determined by the US trade policy. Besides, the yuan rate can slide, but with further recovery as US dollar slackens and China's economy stabilizes. 

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