The US dollar trims gains vs the euro during the Tuesday Asian trading. At the same time, higher Asian stock market pushes yen down. Additional pressure is coming from fears of the global economic upturn slowdown that affected market confidence.
The US Dollar index rose to some 96.49.
The euro-to-US dollar exchange rate was seen at $1.1375, while the Monday session was closed at $1.1373. However, the euro is still depressed on persisting political uncertainties in Europe.
The sterling was priced at $1.2800 ($1.2793). The market keeps considering the speech of UK Finance Minister and released an upgraded GDP outlook for 2019-2021 despite the planned increase in spending.
The yen has kept slackening vs the US dollar following the overnight decline. The US dollar gained grounds vs the Japanese currency reaching some 112.80.
During the Asian trading, the yuan dropped to some 6.9724. The insiders have started buying the greenback after the recent media reports that Donald Trump intends to impose duties on the remaining imports from China this December in case of fruitless trade war talks with Beijing. For reference, the meeting of two leaders will take place in Buenos Aires in November.