US dollar generally positive, new trade concerns arise

Posted 11 February, 2019

On Monday, the US dollar was steady vs the majors on new concerns about US-China trade tensions as well as global economic upturn. At the same time, it posted some gains vs the Japanese yen.

The US Dollar index was recorde at some 96.6 posting a multi-session rise.

The euro to US dollar exchange rate decreased to some $1.1320 ($1.1456 at the previous session). The sterling decreased vs the greenback reaching $1.2914. The US dollar got stronger against the Japanese yen to some $109.99. 

Better positions were recorded against Chinese yuan. The American currency gained 0.4% to some 6.7697. For reference, the Chinese markets have returned from the week-long celebration of the Lunar New York.

Washington and Beijing will hold the next round of trade talks in Beijing on February 14-15. Washington intends to keep pressing for fulfilment such requiremetns as intelectual property rights protection trying to come to terms regarding trade agreement to stop duties upward revisions.

As one of the market analysts commented, the markets may become optimistic again amid the hopes for positive resutls of the anticipated talks.

The franc collapsed at the Asian trading, which is said to be connected with the national holiday in Japan. The franc-to-US dollar rate was recorded at $1.0091. At the same time, the Australian dollar improved to $0.7100. Its New Zealand counterpart also posted some gains vs the greenback moving up to $0.6765.

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11 February, 2019 11:58

← Mauritius financial regulator launches licenses for crypto custodian services from March

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Mauritius financial regulator launches licenses for crypto custodian services from March

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