Dollar falls on trade talk woes
The US dollar fell against most of major currencies during trading hours on Monday, after President Donald Trump's remarks reignited investors' concerns over the trade talks.
Trump said that the US was ready to restore the tariffs on imports from China if no trade deal is reached, and Beijing still wants a trade deal, adding "we'll see what happens in the coming period".
Trump said the bill signing to support protesters in Hong Kong doesn’t make the trade talks with China "better."
The US president emphasized that he decided to impose tariffs on steel imports from Brazil and Argentina.
Trump attributed the decision to Brazil and Argentina manipulation of their currencies' exchange rate, real and peso, against the US dollar.
The dollar index rose against a basket of currencies by 0.4% to 97.8 points as of 19:19 GMT, and hit an intraday high of 98.3 and a low of 97.8.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1147
|
0.0085
|
0.7657%
|
|
|
|
|
1.3161
|
0.0024
|
0.1823%
|
|
|
|
Tadawul
|
8005.77
|
-127.95
|
1.57%
|
|
|
|
|
16.975
|
0.403
|
2.432%
|
|
|
|
|
58.935
|
-0.175
|
0.296%
|
|
|
|
|
64.05
|
0.30
|
0.47%
|
|
|
|
|
1481.650
|
21.805
|
1.494%
|
|
