The dollar slightly recovered amid easing trade war fears
Investing.com – The dollar slightly recovered amid easing trade war fears. U.S. President Trump urged to sign his harsh tariff plan into the bill by this week, but toned down his tough stance by excluding a few countries from the plan.
The that tracks the greenback against a basket of six major currencies gained 0.03% to 89.59 at 9:34pm ET, slightly back on recovery.
White House spokeswoman Sarah Sanders hinted that the expected U.S. tariffs on steel and aluminum imports may exclude Canada, Mexico and a few of other countries.
The pair steadied at 106.09. Japan’s Q4 numbers made headlines as it was revised higher to 1.6% on stronger business investment, beating the estimated 1.4%.
The rebounded against the dollar to trade 0.10% higher at 0.7833. Australia reported upbeat with a surplus of A$1.05B, beating the A$300M forecast.
Elsewhere, the dollar traded against the South Korean won at 1,068.86, slightly down 0.02%. The dollar surged against the won from 1,066.94 this morning to test the 1,070.0 handle. The latest development on the Korean peninsula with the two Koreas meeting put pressure on the won. Reports about North Korea saying to offer conditional halt to the ICBM program received some focus.
In china, The People’s Bank of China set the fix rate of yuan against the dollar at 6.3239 vs. previous day’s fix of 6.3294.The pair was quoted at 6.3289, up 0.07%.
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- Sterling Surges on Retail Data - May 25, 2018
- Turkish lira weakens sharply, surrendering some post-rate hike gains - May 25, 2018
- Swiss vote on radical sovereign money plan to upend banking system - May 24, 2018