European Union countries backed starting formal trade talks with the United States after months of delay due to French resistance.
Category: Features
Pressured by the stronger euro, the dollar index against a basket of six major currencies was down 0.2% at 96.991. Greenback gave up previous day’s gains.
The pound stumbled below $1.31 on Thursday after a Brexit delay of up to six months did not impress traders. The direction for the British currency cannot be predicted, though few expected wild price swings in the months ahead.
The dollar index held hardly lower versus a basket of currencies on Wednesday. A somewhat mixed report on domestic CPI reinforced the view that underlying U.S. inflation remains tame and the Fed would keep rates on hold.
U.S. President Donald Trump said on Tuesday the United States would impose tariffs on $11 billion of EU products. The two sides have been locked in a years-long global trade dispute.