Currency – The dollar is advancing on the war commercial


© Reuters. The dollar is advancing on the war commercial

Investing.com – The us dollar has strengthened against a basket of other currencies on Friday as trade tensions continue between the United States and China.

{{8827| The dollar index}}, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, rose 0.02% to 90.14 at 5:07 AM (9:07 GMT), not far from its highest previous 90,27.

The president of the United States, Donald Trump, has threatened to impose new tariffs on China, which has prompted investors to worry about a trade war between the two biggest countries in the world.

Thursday, Trump said that he asked the us trade representative to consider $ 100 billion more in customs duties in retaliation against China.

China has announced two sets of fares this week against the prices of the technology, of steel and of aluminium imposed by Trump.

The dollar fell to 89,99 after the news.

Traders also turn to the latest employment report and the comments of the chairman of the federal Reserve, and Jerome Powell, on Friday, which could help determine the direction of the dollar.

The us dollar appreciated against the yen and the refuge, with the USD / JPY up 0.02% at 107,41. In times of uncertainty, investors tend to invest in the japanese yen, which is considered an active course during periods of risk aversion.

The euro was at its lowest in a month, with the EUR / USD down 0.05% at 1,2235. During this time, the GBP / USD rose 0.03% to 1,4006.

Elsewhere, the australian dollar remained steady, with the AUD / USD to 0,7684, while the NZD / USD dropped 0.38% to 0,7247.

In Canada, the loonie has been falling, with the USD / CAD rising 0.24% to 1,2781.

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