The dollar remains lower on geopolitical tensions
Investing.com – The dollar remains lower against other currencies on Wednesday, as tensions between the United States and North Korea dwarf the figures published the day before.
North Korea said Wednesday that it had successfully launched a new type of intercontinental ballistic missile that it considered capable of reaching the continental United States.
In response, the president, Donald Trump declared: “This is a situation that we will manage.”
The greenback had gained ground after data on Tuesday showed that u.s. consumer confidence rose to the highest in 17 years this month.
Investors were also encouraged by the fact that the budget Committee of the u.s. Senate approved the tax bill of the president Donald Trump. A vote by the Senate on the bill could now take place as early as Thursday.
The index dollar, which measures the greenback’s strength against a basket of six major currencies, gave up 0.15% to 93.06 at 05:15 a. m. AND (09:15 GMT).
The EUR / USD rose 0.24% to 1,1867, while the GBP / USD rose 0.40% to trade at 1,3399 after figures have shown that the growth of consumer credit in the Uk had hit a low of 18 months in October.
Elsewhere, the yen and the swiss franc were stable, with the USD/JPY to 111,47 $ and with the USD / CHF to 0,9836.
The australian dollar was lower, with AUD/USD down 0.14% to 0,7584, while the NZD / USD has advanced 0.33% to 0,6920.
During this time, the USD / CAD rose 0.12 per cent to 1,2834.