Dollar mitigated in the context of increased trade tensions
The US dollar fell in comparison with other currencies in today's trading session, due to increased trade tensions which made the expectation of the Federal Reserve's interest rate increase in September.
US Dollar Index, measuring the strength of the dollar versus the six major currencies, which fell 0.12% to 95.27 at 5:12 ET (9:12 GMT).
The Green Bronze Silver reducer Although the optimistic job report on Friday raises the Fed's expectation of rising interest in the next meeting on Sept. 25-26.
Meanwhile, trade tensions with China continued, when the US President Donald Trump warned him to impose the import tax of $267 billion, according to the promise of tax imposed on the price of 200 billion USD for Chinese goods.
The Chinese Ministry of Foreign Affairs said Monday that it would react to any new advances in trade.
"If the U.S. continuously applies its policies and applies any new tariff measures to China, the Chinese side will surely take countermeasures to protect our legal rights" , Foreign Ministry spokesman Geng Shuang said.
The dollar rises against the safe yen, with the USD/JPY rate rising 0.06% to 111.09. During the unsettled period, investors tend to invest in the Japanese yen, which is considered a safe asset during many risk periods.
The dollar is lower than pushing the euro and the pound is higher. The EUR/USD rate rose 0.18% to 1.1573 and GBP/USD rose 0.23% to 1.2945.
Meanwhile the Australian dollar fell, with a rate of AUD/USD rising 0.28% to 0.7125 while NZD/USD dropped 0.02% to 0.6531. The Swedish Crown currency grew after the Sunday election showed less than expected support for the Swedish Democratic democracy, despite a violent marriage. USD/SEK Discount 0.13% to 9.0464.
US Dollar Index, measuring the strength of the dollar versus the six major currencies, which fell 0.12% to 95.27 at 5:12 ET (9:12 GMT).
The Green Bronze Silver reducer Although the optimistic job report on Friday raises the Fed's expectation of rising interest in the next meeting on Sept. 25-26.
Meanwhile, trade tensions with China continued, when the US President Donald Trump warned him to impose the import tax of $267 billion, according to the promise of tax imposed on the price of 200 billion USD for Chinese goods.
The Chinese Ministry of Foreign Affairs said Monday that it would react to any new advances in trade.
"If the U.S. continuously applies its policies and applies any new tariff measures to China, the Chinese side will surely take countermeasures to protect our legal rights" , Foreign Ministry spokesman Geng Shuang said.
The dollar rises against the safe yen, with the USD/JPY rate rising 0.06% to 111.09. During the unsettled period, investors tend to invest in the Japanese yen, which is considered a safe asset during many risk periods.
The dollar is lower than pushing the euro and the pound is higher. The EUR/USD rate rose 0.18% to 1.1573 and GBP/USD rose 0.23% to 1.2945.
Meanwhile the Australian dollar fell, with a rate of AUD/USD rising 0.28% to 0.7125 while NZD/USD dropped 0.02% to 0.6531. The Swedish Crown currency grew after the Sunday election showed less than expected support for the Swedish Democratic democracy, despite a violent marriage. USD/SEK Discount 0.13% to 9.0464.
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