US dollar mainly positive on Tuesday

Posted 10 September, 2019

The US dollar has barely changed vs the majors at the Asian trading session on Tuesday. At the same time, the greenback gained grounds vs the Japanese yen driven by softer tensions between Washington and Beijing.

According to the market statistics, the euro decreased against the US dollar to some $1.1043. The Monday session was closed at $1.1048.

In the pair with the Japanese currency, the greenback was priced at 107.30 (107.24 earlier). The pound sterling-to-US dollar exchange rate was recorded at $1.2317 ($1.2346).

The Japanese yen has faced pressure this week following the statement of the US President Donald Trump that Washington and Beijing would hold talks next week.

Notably, the US Treasury Secretary Steven Mnuchin noted yesterday that the parties managed to achieve good progress.

Speaking about the pound sterling, the currency followed different trends. On Monday its rate gained 0.5% but then slackened. Its dynamics generally depend on Brexit developments. For reference, the members of UK House of Commons have once again voted for early elections. 

This week, the market will pay attention to the meeting of the European Central Bank. The results will be unveiled in the second half of the week.

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