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Dollar is trading near two-month lows against major currencies

2019-06-11 10:08 am | Resource: NEWS | No Views : 102

Dollar is trading near two-month lows against major currencies

The dollar held above a two-and-a-half month low on Tuesday after US President Donald Trump said he was ready to impose more fees if talks with Chinese President Xi Jinping at the G20 meeting did not make progress.

Between will respond firmly to the escalating tensions

 China does not want a trade war with the United States, although it does not fear a single war, the Foreign Ministry said on Tuesday, noting that "its doors have always been open to talks on an equal footing." "If Washington insists on rising trade tensions, China will respond with firm resolve," ministry spokesman Jing Shuang told a daily news conference in Beijing.

In addition, Shuang warned the United States of interfering in China's internal affairs with regard to the country's recent comments on the newly proposed law that would allow the extradition of suspects to mainland China. The United States has previously claimed that the law could jeopardize the special status Washington provides to the Chinese-run region.

As bets on the Federal Reserve cut interest rates, although investors are wary of selling strongly ahead of the G20 summit this month. Markets take into account a 20 percent chance of a cut in interest rates in June, but take into account a 100 percent chance of a rate cut in July. The US central bank is scheduled to hold its next monetary policy meeting next week.

Against a basket of other currencies, the dollar was steady at 96.80, near the low of 96.46 in late March. The dollar has fallen 1 percent since the start of the month.

Dollar trading against currencies
  • The euro rose 0.08% against the dollar at the same time, to record levels of $ 1.1319.
  • The Pound rose against the Dollar during morning trade to settle at 1.2710.
  • The greenback was up against the yen at 0.22%, with the dollar trading at 108.66.
  • The Swiss Franc fell against the US dollar to trade the dollar at 0.9917.
  • Against the Canadian dollar, the greenback was down 0.08% at 1.3255.

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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…

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