The United States will raise tariffs on $200 billion worth of Chinese imports effective Friday. The dollar weakened as concerns about the escalating trade dispute grow.
Category: Features
Trade talks will resume despite Trump tariffs threat. FX markets were also broadly quiet and the U.S. dollar was flat.
Trump said on Sunday he would raise U.S. tariffs on $200 billion worth of Chinese goods this week.
Dollar index holds gains after stronger than forecasted US jobs data report for April. The index which tracks the greenback against six currencies was up 0.09% at 97.922.
Fed’s comments that it does not see a readjustment of rates in the near term supported the dollar. The U.S. Federal Reserve left borrowing costs steady on Wednesday.