© Reuters. The dollar declined while the tension related to pricing persists
Investing.com – The u.s. dollar was slightly lower Friday, while the salvos of a trade war between the United States and China have begun.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.07% to 94,06 to 05h38 AND (9h38 GMT).
The trade conflict between the two largest economies in the world began Friday, when the us tariffs on the chinese products of us $ 34 billion entered into force at 00: 01 ET (04h01 GMT). Additional rights on the remaining 16 billion are expected to enter into force in two weeks. During this time, the us president, Donald Trump has given instructions to identify $ 300 billion of chinese goods additional.
China has also retaliated with tariffs on $ 34 billion of u.s. goods, according to Xinhua. Beijing had previously said it would impose tariffs on us agricultural products, the imports of oil and automotive products.
The dollar was down against the yen, with a decline of the USD / JPY 0.03% to 110.62. 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 has gained ground, stimulated by strong industrial orders in German on Thursday and reports that the United States could soften their commercial rates on car manufacturers to the european Union.
The EUR / USD increased by 0.15% to 1,1706. The british pound was also higher, with GBP / USD up 0.06% to 1.3232, while the office of the Prime minister Theresa May has embarked on its summit a day on the Brexit.
Elsewhere, the australian dollar was higher, with AUD / USD rising 0.28% to 0,7409, while the NZD / USD gained 0.41% at 0,6811. The loonie was slightly lower against the greenback with the USD / CAD up 0.03% to 1,3136.