Investing.com – The U.S. dollar traded flat against its rivals on Monday, pressured by a rise in the safe-haven yen as Beijing retaliated against Washington’s most recent tariff salvo.
The , which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.01% to 97.11.
The tit-for-tar tariff exchange between the United States and China returned, as Beijing announced Monday it was raising tariffs on $60 billion of U.S. products from June 1.
The move comes days after Washington escalated the trade tensions with a tariff hike on $200 billion of Chinese products on Friday.
Risk-sensitive currencies like the yen and Swiss franc racked up gains against the greenback before pulling back from their highs.
fell 0.62% to Y109.26 and fell 0.54% to 1.0016.
Elsewhere, fell 0.32% to $1.2957, as optimism faded that the U.K. government and the the main opposition party may be able to reach a consensus on a way forward to leave the European Union.
rose 0.01% to $1.1234.
rose 0.44% to C$1.3472 as the loonie came under pressure amid a fall in U.S. oil prices.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Forex – Australian Dollar Steady After RBA Decision - June 4, 2019
- Yuan Watchers Say 7 Is No Longer a Sticking Point for China - June 4, 2019
- Fresh Losses Coming for Australian Dollar, Strategists Say - June 4, 2019