Dollar holds despite Trump's threats against China

2019-11-19 22:11:46 GMT (Economies.com)
Dollar holds despite Trump's threats against China

The US dollar held steady against most major currencies today despite President Donald Trump's tariffs threats against China.

 

President Donald Trump threatened to increase tariffs against Chinese imports, if Beijing does not sign the first phase of the trade deal.

 

Which came amid Chinese concerns about Trump's tough stance toward canceling the Chinese tariffs or even the planned hike.

 

Otherwise, the Federal Reserve meeting minutes will be released tomorrow, amid investors anticipation for insights about the meeting that resulted in the third rate cut in 2019.

 

Fed Chair Jerome Powell said that the Fed will hold rate cuts in the near-term to assess implications of this year's three cuts on the US economy.

 

The dollar index held against a basket of major currencies at 97.8 points as of 19:07 GMT, and hit an intraday high of 97.8 and a low of 97.7.

 
 
 
  Symbol Last Change Chg.%
1.1141
0.0079
0.7101%
1.3172
0.0034
0.2626%
Tadawul
8005.77
-127.95
1.57%
16.970
0.398
2.402%
59.594
0.484
0.820%
63.94
0.22
0.35%
1478.145
18.300
1.254%
 
 
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