Forex – dollar slides, yen progresses on trade tensions

© Reuters. The dollar slips, the yen is progressing on the trade tensions – The dollar slipped lower against a basket of other major currencies on Wednesday, with concerns about the increased trade tensions continuing to weigh on market sentiment.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, slipped 0.11% to 94.26 at 03:19 AM (07h19 GMT), after having gained 0.45% on Tuesday, recording four consecutive sessions of losses. .

The decrease concerns about trade policy has helped boost the dollar, but investors remained cautious after new decreases of course the chinese and the yuan amid fears about the prospect of a trade war overall.

The dollar was down against the yen, down 0.26% to 109.76. USD / JPY The japanese currency is often sought by investors as a safe haven in times of geopolitical tensions and turbulence in the markets.

The euro rose against the dollar, with EUR / USD rising 0.16% to 1,1665.

The pound was little changed for the day, with the GBP / USD at 1.3228.

The british pound closed the previous session down 0.43% against the dollar after the arrival of Jonathan Haskel, decision maker of the Bank of England, who said that the british economy could lose its dynamism, which would weaken the interest rate increase.

He added that the central bank has the possibility of reducing rates slightly in the case of an economic downturn.

Australian dollars and new zealanders are sensitive to the exchange have undergone a downward pressure, with a decline of the AUD / USD to 0,7386 while the NZD / USD has declined to 0,6812 for a period of seven months and was recently 0,6822.

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