Forex – dollar advances to a summit daily

© Reuters. The dollar increased to a peak daily – The dollar has reached its highest of the day against a basket of currencies on Tuesday, and has reduced its losses against the yen as trade tensions heightened between the United States and China have fuelled the appetite for risk.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.48% 94,86 at 08h03 (12h03 GMT), below the highest of the last eleven months of 95,13.

China warned Tuesday that it would respond quickly after the american president Donald Trump has threatened to impose a customs duty of 10% on chinese imports of $ 200 billion.

These decisions have exacerbated the concerns of investors according to which the two largest economies in the world could enter in a trade war all-out.

The uncertainty surrounding the future of the free trade Agreement the north american and the concerns raised by the customs duties imposed by the administration Trump the european trading partners have also fueled investor concerns.

The dollar erased some losses against the yen refuge, with the USD / JPY at 109.87, down 0.62% for the day, after falling to a low of a week of 109.55 earlier.

The japanese currency is often sought by investors in times of geopolitical tensions and turbulence in the markets.

The euro was trading at the lowest in three weeks against the strong yen, with the EUR / JPY lower by 1.34% to 127,12.

The euro was also sharply lower against the dollar, with the EUR / USD down 0.72% to 1,1538.

The euro remained under pressure after the president of the european central Bank, Mario Draghi, has reiterated that the monetary policy would remain unchanged on Tuesday, after forecasts accommodative of the bank on the interest rates last week.

The pound fell to a seven-month low, due to concerns in the business and the uncertainty about Brexit, with GBP / USD down 0.69% to 1,3153.

In addition, the canadian and australian dollars have reached their lowest level in a year, with a decline of 0.98% to 0,7350 for the AUD / USD, while the USD / CAD has climbed 0.57% to 1,3277.

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