The highest dollar 1 week and a half though concerned about trade and emerging markets
The dollar increased to the highest level by 1 and a half weeks against the currency basket on Tuesday when concerns about trade tensions remained and the pressures on the emerging markets increased demand for the dollar as a safe asset.
USD index, the dollar strength readings versus the currency basket, rose 0.38% to 95.43 at 04:01AM ET 9) 801GMT), the highest since Aug. 24.
The investor is still monitoring the impact of U.S. President's trade protection policy on global growth.
Worried about the U.S.-centered trade tensions still, President Trump's administration has prepared to hit new tariffs on imported goods from China, which will stress more escalation.
Trump has said last week that he is willing to impose tax on 200 billion Chinese goods in the earliest way after Thursday.
Meanwhile, negotiations with Canada are still going to the dead end after being delayed on Friday with the threat of the President of the United States that will leave Canada out of the agreement completed with Mexico.
The dollar increased against the yen, the USD/JPY rate rose 0.35% to 111.45.
The Euro fell against the dollar, the EUR/USD discount was 0.45% to 1.1567.
The pound also fell at a rate of GBP/USD in 0.33% and 1.2829 due to a concern from concerns about a Brexit not agreement still.
In emerging markets, the Turkish Lira is under pressure reduction with concerns about the economic situation and monetary crisis.
The second day data showed that Turkey's inflation rose to the highest 15 years in August 8, suggesting the wave of semi-disassembling Lira pushed rising consumer prices.
With the above inflation data, the Turkish central bank has said that it will likely raise interest at the policy meeting at the end of this month, but the investor is still very wary of the strong opposition of President Tayyip Erdogan About high interest rates.
The deteriorating relationship with the US and concerned about the President Erdogan enhanced monetary policy control and the economy made the Lira to 40% value this year.
The Argentine Peso also fell, close to hitting the lowest level against the dollar when the government was struggling with an adjacent economic crisis.
Emerging markets have been heavily affected by fears that higher US interest rates will pressured countries that have borrowed many dollars in recent years.
USD index, the dollar strength readings versus the currency basket, rose 0.38% to 95.43 at 04:01AM ET 9) 801GMT), the highest since Aug. 24.
The investor is still monitoring the impact of U.S. President's trade protection policy on global growth.
Worried about the U.S.-centered trade tensions still, President Trump's administration has prepared to hit new tariffs on imported goods from China, which will stress more escalation.
Trump has said last week that he is willing to impose tax on 200 billion Chinese goods in the earliest way after Thursday.
Meanwhile, negotiations with Canada are still going to the dead end after being delayed on Friday with the threat of the President of the United States that will leave Canada out of the agreement completed with Mexico.
The dollar increased against the yen, the USD/JPY rate rose 0.35% to 111.45.
The Euro fell against the dollar, the EUR/USD discount was 0.45% to 1.1567.
The pound also fell at a rate of GBP/USD in 0.33% and 1.2829 due to a concern from concerns about a Brexit not agreement still.
In emerging markets, the Turkish Lira is under pressure reduction with concerns about the economic situation and monetary crisis.
The second day data showed that Turkey's inflation rose to the highest 15 years in August 8, suggesting the wave of semi-disassembling Lira pushed rising consumer prices.
With the above inflation data, the Turkish central bank has said that it will likely raise interest at the policy meeting at the end of this month, but the investor is still very wary of the strong opposition of President Tayyip Erdogan About high interest rates.
The deteriorating relationship with the US and concerned about the President Erdogan enhanced monetary policy control and the economy made the Lira to 40% value this year.
The Argentine Peso also fell, close to hitting the lowest level against the dollar when the government was struggling with an adjacent economic crisis.
Emerging markets have been heavily affected by fears that higher US interest rates will pressured countries that have borrowed many dollars in recent years.
No comments: