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Dollar rises, posts monthly gain in August
US dollar rose against most currencies today with the US and Chinese trade officials in focus.
China Commerce Ministry confirmed that Chinese officials are meeting with their US counterparts in Washington to discuss calming the trade war.
China earlier expressed its desire to to end the trade disputes raging between the two countries, while noting that China won't respond to US tariffs.
US Fed Chairman, Jerome Powell, said at the Jackson Hole meetings that the last rate cut is not the beginning of a series of monetary easing measures, while analysts believe the central bank will cut rates again before the end of the year.
By 18:01 GMT, dollar index rose by 0.5 %% to 98.9 points, with a high of 98.9 and a low of 98.3, and posted a monthly gain of 0.6%.
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