Forex- U.S. Dollar Inches Down as Trade, Syria Tensions Continue


© Reuters. U.S. dollar inched down on Friday.

Investing.com – The dollar struggled to gain ground on Friday as trade uncertainty and Middle East tensions rose .

After a Russian diplomat said his country’s forces would shoot down U.S. missiles launched at Syria, U.S. President Donald Trump warned Russia to “get ready” for imminent military action in response to an alleged chemical attack over the weekend.

Trump and his national security aides discussed U.S. option in Syria on Thursday, but he cast doubts by tweeting that an attack on Syria “.”

Meanwhile Trump said late on Thursday that he would only consider joining the Trans-Pacific Partnership trade agreement if it was a . Trump had previously announced that he was pull out of the landmark trade agreement.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.07% to 89.43 by 5:01 AM ET (9:01 GMT).

The dollar gained ground against the yen, with rising 0.29% to 107.61. The safe haven yen is often sought out by investors in time of market turmoil and political tensions.

The euro rose with up 0.04% to 1.2331. Meanwhile, the pound was higher against the U.S. currency, with up 0.39% to 1.4283. The U.K. and European Union will begin trade talks next week on how trade will work after Brexit, diplomats said on Thursday.

The Australian dollar was higher, with up 0.54% to 0.87794 while increased 0.15% to 0.7387

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