Investing.com – The greenback remained stable on Monday, the yen, a safe haven, having increased after the unexpected fall in chinese exports, which has increased the concerns about global demand.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, edged down 0.07% to 95,20 to 10: 25 am ET (15.25 GMT), while the USD / JPY has lost 0,26 % to 108.24.
Chinese exports fell unexpectedly in December, while imports have also declined. The numbers have increased fear that the us tariffs on the chinese products could have an impact on its economy. In addition, the data also showed that China had its trade surplus is the most important with the United States in 2018, which could have an impact on the ongoing trade negotiations with the White House.
The dollar has fallen in recent weeks, investors are expecting the federal Reserve to slow its pace of monetary tightening. The Fed chairman Jerome Powell, reiterated last week that the u.s. central bank could be patient in terms of monetary policy given that inflation remained stable.
Elsewhere, the british pound slightly rebounded after reports that Theresa May would supposedly asked his party to support an amendment with a target date for the support agreement in the month of December 2021.
The GBP / USD rose 0.15% to 1,2859.
The euro has remained almost stable, with the EUR / USD to 1,1443.
The australian dollar and new zealand risk-sensitive retreat, with the AUD / USD down 0.2% to 0,7199 and NZD / USD down 0.1% to 0,6822.
The two currencies have increased by about 1.5% against the dollar last week, while the risk sentiment improved in the face of the hopes for a trade agreement between the United States and China and the stimulus measures of the most energetic taken by the chinese policy-makers to support their struggling economy.
-Reuters contributed to this report.