Monday, 16 July 2018 08:27 WIB |
CURRENCIES |DOLLARDolar AS
Major currencies held around recent ranges on Monday thanks to a lull in China-U.S. trade skirmishing and as investors await key data from the world's two biggest economies to determine whether global growth is running out of puff.
The dollar paused at 112.39 yen JPY=, not far from a six-month top of 112.79 set on Friday.
The index that tracks the dollar against six other major the currencies .DXY was barely changed at 94.750.
The dollar index went as high as 95.241 last week but quickly reversed gains after latest trade figures from China suggested the threat of tariffs had not had a significant impact as yet.
Traders are now looking to second-quarter gross domestic product (GDP) data from China and June retail sales from the United States.
U.S. President Donald Trump™s summit with his Russian counterpart in Helsinki later this week will also be closely watched.
The U.S. economy, which is on its second longest expansion on record, has not yet suffered from the ongoing trade row with China.