The dollar falls this Tuesday after rising earlier, approaching a maximum of a year of 95.44 on 19 July.The US dollar index, which tracks the trend of the greenback against a basket of six other major currencies, falls 0.02% to 95.17 at 1:30 ET (05:30 GMT). In the night, he approached the maximum of over a year of 95.652 reached on July 19th, before reducing earnings towards the end of the session.According to traders, recent US-Chinese trade tensions could support the dollar, as tariffs could reduce the US trade deficit."There are still many uncertainties on tariffs. We do not know exactly how much they will be applied and how bad the situation will be ", said Reuters Shinichiro Kadota, expert on Forex strategies and rates at Barclaysa Tokyo."If US economic growth began to slow down due to tariffs or as the post-tax effects begin to decline, then I think that economic performance could weaken, which could also lead to a weakening of the dollar's strength," he said.Meanwhile, the Australian dollar, the aussie, rose slightly against its US cousin, with AUD / USD up 0.08% to 0.7394 after the Reserve Bank of Australia left its refinancing rate unchanged marginal to the historic minimum of 1.50%. The central bank stressed that it had not intervened on monetary policy because low rates continue to support the local economy. He also added that he predicts that inflation will be higher in 2019 and in 2020.Meanwhile, the Japanese yen also strengthens against the dollar. USD / JPY drops 0.08% to 111.32, struggling to maintain gains over the past few weeks. The pair reached 112.0 last week.Thursday, the US and Japan will hold bilateral talks in Washington.USD / CNY rose 0.06% to 6.8590. The onshore yuan is close to the minimum since May 2017, while the offshore yuan hit the 15-month low against the dollar on Friday, while the trade clash between China and the United States intensifies.The Chinese People's Bank (PBOC) set the yuan exchange rate at 6.8431 compared to yesterday's close of 6.8519.
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