The u.s. dollar hovers near highs of the month on Wednesday, as investors sought information on the evolution of the trade and awaited the testimony of federal Reserve chairman, Jerome Powell, later in the day.
In a speech highly anticipated Tuesday, the us president, Donald Trump has stated that a trade agreement with China was “close”, without giving further details on the date and place of the signing of the agreement, disappointing investors who had hoped for more clarity on the progress of negotiations.
Trump has also shocked some investors threatening China’s increase in its tariffs if they did not sign an agreement and in taking the criticisms well heard of the u.s. federal Reserve for not having cut deep enough the interest rate.
Washington and Beijing have imposed customs duties reciprocal on their products in the context of a dispute that has shaken the global financial markets and increased the risk of recession for some economies due to the slowdown in global trade.
Market watchers are now turning to the testimony of the head of the Fed Jerome Powell, before a committee of the Congress at 17: 00.
The first public hearings within the framework of the procedure of impeachment of Trump also begin an hour earlier at 16: 00.
The dollar index was slightly higher 98,24 at 10: 45, after reaching a peak of 98,30 during the night.
Against the japanese yen, the dollar was at 109,12, not far below the summit of five and a half months of 109,48 that he had reached last week.
The dollar reached a peak a month against the euro and is trading slightly below this level 1.1007 Wednesday.
The pound sterling remained stable at 1,2834, after a short recall of the decision of the party of the Brexit not to contest the seats of the conservatives in the elections of December.
–Reuters contributed to this report
