Investing.com – The greenback has reached a new high of 2019 on Monday, the hopes of reconciliations of trade between the United States and China have strengthened the morale of the investors.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 96,847 at 11h02 (16h02 GMT).
The meetings between american officials and chinese planned for this week have strengthened the hope of reaching an agreement before the deadline of 1 march, when the u.s. tariff on chinese imports with a value of $ 200 billion are projected to increase from 10% to 25%.
The chinese authorities have made statements optimistic this weekend, but the comments of the american president Donald Trump last week according to which there would probably not be his counterpart Xi Jinping before the end of march, still give the tone.
The dollar was up versus the yen, with the USD / JPY has surged 0.62% to 110,38. Investors typically look for the yen as a safe-haven in times of economic stress or uncertainty.
Elsewhere, the pound continued to decline under the pressure of the Brexit. The spokesman of the british government, James Slack, said that there would be no vote is significant on the agreement this week. The first minister Theresa May is scheduled to address the Parliament on Tuesday. The GBP / USD fell 0.6% to 1,2862.
Elsewhere, the euro declined because of the strength of the dollar. The EUR / USD has slipped 0.47% to 1,1276.
In Australia, the AUD / USD fell 0.3% to 0,7063, while the NZD / USD has dipped 0.14% to 0,6733. The loonie is falling, with USD / CAD rising 0.25% to 1.3307.