country flagالعربية

Dollar is down against the major currencies after the agreement between China and the United States

2018-12-03 11:15 am | Resource: News | No Views : 142

 Dollar fell broadly against a basket of currencies on Monday after the United States and China pulled out of a spike in their trade war, prompting investors to take risks and slack demand for a safe haven for the US currency.

 The United States and China have agreed to announce a truce on common trade disputes, under which Washington will not introduce a 200-billion-dollar increase in import tariffs from Beijing on Jan. 1. At the same time, the US side stressed that if no agreement is reached at the end of that period, tariffs will rise from 10% to 25%.

 Besides trade, investors will also shift interest to US monetary policy, ahead of a Fed rate hike at its next meeting later this month, which will be the fourth price hike this year.

Similarly, the US currency has benefited from deepening the trade dispute between Washington and Beijing this year and has received wide gains from mutual actions and threats between the two countries. The Dollar was under pressure last week after comments from Federal Reserve Chairman Jerome Powell as evidence that the Fed may slow its rate hike program.

 The dollar index, which measures the strength of the dollar versus a basket of six major currencies, fell 0.51% to 96.69 at 0914 GMT.
  • The euro was up against the US dollar, with EUR / USD gaining 0.42% to hit 1.1363.
  • The AUD / USD rose by 1.09% to 0.7386
  • The pound also rose, with GBP / USD gaining 0.26% to 1.2783.
  • The New Zealand dollar was up against its US counterpart by 0.84% ​​to hit 0.6924.
  • The greenback was down against the yen, with shedding 0.12% to hit 113.42.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.