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.
No-deal Brexit and lack of transition agreement hits the Sterling which dropped below $1.29 to a one-year low, on Wednesday.
Oil prices soar following the imposition of new sanctions to Iran, one of the major crude exporters. The renewed sanctions came into force early on Tuesday.