© Reuters. The dollar slips during a session calm
Investing.com – The dollar dipped on Wednesday against a basket of currencies, at a session during lean before the celebration of independence day in the United States, because of concerns about increased trade tensions have remained at the center of attention.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, gave up 0,11% 94,23 at 03:21 AM (07:21 AM 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, what Beijing should retaliate with a tax on american products.
The chinese yuan rebounded after China’s central bank is committed to maintain the exchange rate “basically stable”, in order to calm markets that have been shaken by fears that the escalation of the trade conflict between Washington and Beijing.
The us president, Donald Trump has plans to penalise the main trading partners, including the european Union, Mexico and Canada in the framework of its policy of “America First” which, according to many investors, is expected to undermine global growth.
The euro does not change, with the EUR / USD at 1.1665.
The dollar depreciated against the yen, with USD / JPY sliding 0.16% to 110.39.
The british pound is soaring, with an increase of 0.11% to 1,3209 in view of the latest data on the services sector in the United Kingdom, which are expected to show a steady growth.
The dollars of australia and new zealand, sensitive to the trade, have progressed with the AUD/USD up 0.19% at 0.7400 and NZD/USD rising 0.24% to 0,6773.
The aussie was boosted after data showed that retail sales rose more than expected 0.4% in may, beating forecasts for the second consecutive month.
