Dollar holds despite Trump's threats against China

Economies.com
2019-11-19 19:18PM UTC

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.

Forex and Currency News

AUD/USD news

Forex

Aussie declines to two-week trough after expected RBA policy decision
2024-03-19 05:54AM UTC
The Australian dollar fell in Asian trade on Tuesday against a basket of major rivals, extending ...
Forex News

Forex

Dollar gives up two-week high ahead of Fed's minutes
2024-03-18 12:48PM UTC
Dollar fell in European trade on Monday against a basket of major rivals, giving up two-week highs ...
EUR/USD news

Forex

Euro rises cautiously amid a bearish outlook
2024-03-18 08:14AM UTC
Euro rose mildly in European trade on Monday against a basket of major rivals, extending recovery ...

Forex Technical Analysis

Technical Analysis

Forex

The GBPCHF achieves the target – Forecast today – 19-3-2024
2024-03-19 05:05AM UTC
The GBPCHF pair succeeded to resume the bullish attack and achieve the first main target at 1.1295 ...
EUR JPY Analysis

Forex

The EURJPY tends to regain the bullish bias – Forecast today – 19-3-2024
2024-03-19 05:04AM UTC
The EURJPY pair took advantage of the positive momentum provided by the major indicators, as the ...
GBP JPY Analysis

Forex

The GBPJPY continues to rise – Forecast today – 19-3-2024
2024-03-19 05:04AM UTC
The GBPJPY pair continued to form bullish waves, taking advantage of the positive factors ...