Greenback Keeps On Weakening

Forex News

Today, dollar is trading much lower versus the basket of majors on concerns that Washington would hit China with additional tariffs on $200 billion in Chinese imports. As we found out yesterday, in case White House imposes further tariffs, Chinese government will respond with retaliation measures. The U.S. dollar index declined 0.09% to 94.90.

US-Canada talks resumed with no particular concession. The Chapter 19 dispute resolution mechanism is still the most important and controversial topic. Canadian dollar increased versus dollar as USD/CAD reduced to 1.3131.

Against the Japanese Yen, greenback softened as well, with USD/JPY falling 0.04% to 110.71. Meanwhile, EUR/USD rose 0.21% to 1.1645 and GBP/USD was up 0.09% to 1.2939. The Turkish lira boosted versus dollar and USD/TRY dropped 1.73% to 6.4525. AUD/USD reduced 0.31% to 0.7161 and NZD/USD lowered 0.11% to 0.6582.