© Reuters. The dollar slides view rates
Investing.com – The dollar was slightly lower Thursday against a basket of other currencies, a day before the United States and China face each other with import tariffs, causing a decrease of trade, which, according to many investors, could adversely affect the global growth.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.11% to 94,09 to 03h36 (07h36 GMT).
Investors remained cautious before the deadline of Friday, the date on which the United States will impose a customs duty of 25% on chinese imports of a value of $ 34 billion, which Beijing has promised to retaliate with a tax on american products.
The chinese ministry of Commerce has warned Thursday that the United States “opened fire on the world” with his rates, and reiterated that he would respond to us measures in force.
With the reopening of us markets after a holiday of 4 July, the investors turned to an end of busy week, with the minutes of the June meeting of the federal Reserve scheduled for this Thursday and the us report on employment scheduled for Friday.
The dollar rose slightly against the yen, with USD / JPY edging up 0.12 per cent to 110,64.
The euro has reached heights of almost three weeks, with the EUR / USD up 0.29% to 1,1691.
The single currency was boosted after data showing that industrial orders in germany were rebounded strongly in may, registering four consecutive months of decline, while demand in Germany and in the rest of the euro zone has picked up.
The chinese yuan remained stable after the central bank of China has committed earlier in the week to maintain the stability of the stock market, in order to calm the markets which have been troubled by tensions related to the trade.
The pound sterling rose against the dollar, with an increase of 0.13% to 1,3243, but it declined against the euro more robust, with an increase of 0.19% to 0,8825.
The australian dollar, sensitive to the trade, with the AUD/USD to 0,7382, while the new zealand dollar was slightly higher, with NZD/USD up 0.19% to 0,199 to 0,6675.