© Reuters. The dollar is advancing on a lull in the conflict commercial
Investing.com – The dollar rose slightly in the face of a basket of currencies on Wednesday, in a bear market, and marked by the lull of the trade conflict between the United States and China.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.13% 94,78 at 02:47 AM (06:47 AM GMT), below the highest of the last eleven months of 95,13.
Concerns about trade tensions increased Tuesday after Beijing warned that it would respond quickly after the american president Donald Trump has threatened to impose a customs duty of 10% on $ 200 billion of chinese imports.
The movements have exacerbated concerns among investors that the two largest economies in the world could enter in a trade war all-out.
The uncertainty surrounding the future of the free trade Agreement the north american and the concerns relating to the rights of customs administration Trump has imposed upon the european trading partners have also fed investor anxiety.
The dollar strengthened against the yen, with the USD / JPY is approaching 110,12, and deviating from the low of Tuesday 109,54.
The japanese currency is often sought by investors as a safe haven in times of geopolitical tensions and turbulence in the markets.
The swiss franc was slightly lower in the u.s. dollar, with the USD / CHF slightly up at 0.9956.
The euro fell 0.11% to 1,1578 a day after the president of the european central Bank, Mario Draghi, has reiterated that the monetary policy would remain in place in the last week.
Elsewhere, the australian dollar, sensitive to risk, has rebounded, with the AUD / USD up 0.27% to 0,7399 after reaching a low of 13 months of 0,7369.