Dollar Little Changed in Subdued, Holiday-Thinned Trade
Monday, 2 September 2019 16:01 WIB | CURRENCIES |DOLLAR

The U.S. dollar was little changed against the other major currencies on Monday as concerns over the latest escalation in the U.S. - China trade war kept investors wary and volumes remained thin ahead of a U.S. market holiday.

The U.S. dollar index against a basket of six major currencies was almost unchanged at 98.83 by 03:35 AM ET (07:35 GMT).

The U.S. slapped 15% tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - while China imposed new duties on U.S. crude oil in the latest escalation in the protracted trade war between the world™s two largest economies.

Although U.S. President Donald Trump has said the two countries will hold talks in September, there are doubts any such talks would lead to a breakthrough.

Foreign exchange trading remained subdued with U.S. financial markets staying closed for the Labor Day holiday.

Against the yen, the dollar was flat at 106.25 yen.

The euro was a touch lower, slipping to 1.0979, within striking distance of Friday™s two-year trough of 1.0963.

The single currency has been pressured lower by expectations that the European Central Bank will cut interest rates at its next monetary policy meeting on Sept. 12.

The British pound was also a shade lower, trading at 1.2140.

Source : Investing.com

RELATED NEWS

Dollar Hits Lowest Since July as Havens Retreat, Pound Rallies
Friday, 13 December 2019 15:59 WIB

The Bloomberg Dollar Spot Index drops a second week as riskier assets gain after U.S.-China agree on a phase-one trade deal and the U.K.™s Conservative Party wins a crushing majority in Thursday™s election. USD/JPY up 0.3% to 109.63 GBP/USD rallies by 2.7% to 1.3514, strongest since May 2...

Pound Surges Most in 2 1/2 Years as Election Results Filter In
Friday, 13 December 2019 07:57 WIB

The pound jumped by the most since 2017 on signs Boris Johnson's Conservative Party was on course to secure a strong majority in the U.K. election, raising hopes of an end to the Brexit deadlock. The surge took sterling to its highest level since May 2018 against the dollar and the strongest r...

Pound Holds Onto World-Topping Rally as Voting in U.K. Begins
Thursday, 12 December 2019 17:39 WIB

The pound reached the highest since March as British voters headed to the polls to decide between Conservatives hoping to deliver Brexit in January and a Labour Party promising a second referendum. Sterling gained for a fourth day before steadying near $1.32 as markets bet on a win for Boris Johnso...

Dollar Licks Wounds as Fed Disappoints Bulls, UK Election Awaited
Thursday, 12 December 2019 08:47 WIB

The dollar nursed its steepest losses in weeks on Thursday, after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon, pushing Treasury yields lower. Investors also remained on edge as Sunday's deadline for the next round of U.S. tariffs on Chin...

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election
Wednesday, 11 December 2019 16:12 WIB

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesd...

ANOTHER NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIB Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.