US dollar posts slight changes

Posted 02 September, 2019

The US dollar did not show sharp changes vs the majors at the Asian trading session on Monday. The market players are careful now fearing the further expansion of the long-lasting trade conflict.

According to the market data, the US Dollar Index stayed at 98,83.

The euro lost grounds vs the greenback to some $1.0959, while the previous session was closed at $1.0982.

The pound sterling also weakened to some $1.2083

The market keeps monitoring the development of the US-China trade war especially after the countries launched new mutual import duties on September 1. 

Earlier, the US President Donald Trump stated that the representatives of the countries would hold a meeting in September, though it seems that the talks hardly can bring any significant result.

Besides, the market expert noted that extra risks can come from the economic reports to be released in the USA and China this week. With this data, the market will get a chance to assess possible losses from the ongoing war.

It should be mentioned that trading can remain slow today since the US platforms are closed on the Labour Day celebration.

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