Forex: The Dollar goes up, while the Euro is down

© Reuters. – The u.s. dollar rose opposite a basket of currencies on Tuesday, as market sentiment remained moderate in the face of the continuing uncertainty relating to the trade and prospects for world economic growth.

At 10: 30, the dollar index, which compares the greenback to a basket of six major rivals, was up 0.2% to 97,672, registering a gap of approximately 0.6% compared to a two-year peak of 98.371 recorded on Thursday. The index is still up 1.7% for the year.

A large number of currency pairs remained range-recent, trade volumes remain low after the holidays in the United States and the United Kingdom Monday.

Trade issues remained at the forefront of investors ‘ concerns. The american president Donald Trump said Monday that Washington was not prepared to enter into an agreement with Beijing, but he expects one in the future, while urging the japanese Prime minister Shinzo Abe to correct its trade imbalance with the United States.

The dollar was down slightly against the yen, with USD/JPY moving to for 109.4.

The euro is declining, with EUR/USD down 0.1% to 1,1180, after having rebounded after a summit a week and a half to 1,1215 the night following the results of the elections to the european parliament.

In the euro area, data released Tuesday showed that the morale of German consumers had declined slightly in June to reach its lowest level in more than two years, buyers are less willing to buy and more discouraged compared to the growth prospects of the largest economy of Europe.

Later in the day, the leaders of the European Union are to meet in Brussels to begin the first series of appointments of the presidents of the european institutions, including the president of the European Commission and the president of the European Central Bank.

The pound was also lower, with GBP/USD down 0.1% at 1,2660.

The Bitcoin, which had reached 8 939,18$ on Monday, its highest level since more than a year, was at 8 714,5$. The crypto-currency has exceeded the$ 8,000 for the first time since July 2018 on 13 may.

–Reuters contributed to this report

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