U.S. President’s veiled criticism on Fed’s monetary policy dampened traders’ enthusiasm ahead of US-China trade talks, sending the greenback lower. Dollar dips against its major traded rivals. The dollar’s index DXY fell about 0.4 % on Tuesday to its lowest in almost two weeks.
U.S. businesses warn Trump administration that new tariffs on $200 billion of Chinese imports will cause consumers to pay more. Trade tensions escalate as the trading rivals make little effort to settle the dispute.
The Trump administration announced overnight that fresh US sanctions are to be imposed on Moscow.
According to the US Secretary of State the White House will provide detail regarding the implementation of new sanctions to Iran on Monday. US–Iran tension is mounting.
The US – China trade dispute is still alive and well. Trump’s administration recent threat for additional tariffs on $200bn Chinese products has once again come to the forefront.