Dollar falls as trade war concerns return in spotlight

2019-07-17 18:45:10 GMT (Economies.com)
Dollar falls as trade war concerns return in spotlight

US Dollar fell against most major currencies on Tuesday as concerns about the US-China trade war returned.

 

US housing starts fell by 0.9% to 1.253 million units in June and the Building Permits Index fell by 6.1% to 1.22 million.

 

US President Donald Trump said yesterday that despite the resumption of trade negotiations with China, the road is still long before talking about a comprehensive agreement between the two countries.

 

Trump stressed that the US administration could still impose more tariffs on imports of Chinese goods worth an additional $325 billion.

 

Markets will be focusing on the Federal Reserve meeting later this month to see the rate decision amid expectations of a cut.

 

In terms of trading, by 17:43 GMT, the dollar index fell by 0.2 percent to 97.2 points, reaching a high of 97.4 points and a low of 97.1 points.

 
 
 
  Symbol Last Change Chg.%
1.1065
0.0003
0.0289%
1.3145
0.0008
0.0620%
Tadawul
8120.01
21.27
0.26%
16.598
0.025
0.154%
58.875
-0.235
0.398%
64.25
-0.14
0.22%
1460.680
0.835
0.057%
 
 
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