The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind.
Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

.

Author Topic: Forex- U.S. Dollar Flat as Trump Announces Tariffs on China  (Read 2122 times)

ForexMan

  • Jr. Member
  • **
  • Posts: 51
    • View Profile
Investing.com - The U.S. dollar was flat against other currencies on Tuesday as the White House imposed fresh tariffs on China.

U.S. President Donald Trump announced on Monday that the U.S. will put 10% tariffs on $200 billion in Chinese goods, which will go up to 25% at the end of the year.

Trump added that "if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports."

"We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly," he said in the statement.

"But, so far, China has been unwilling to change its practices."

China has said it will retaliate against the new tariffs. The U.S. had extended an invitation to China to discuss trade later this month but China is likely to cancel.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was flat at 94.09 as of 5:05 AM ET (9:05 GMT).

Elsewhere, the dollar rose against the safe-haven yen, with USD/JPY up 0.06% to 111.95. In times of uncertainty, investors tend to invest in the Japanese yen, which is considered a safe asset during periods of risk aversion.

The Chinese yuan was lower after the news, falling to three-week low. USD/CNH rose 0.08% to 6.8756, not far from a session high of 6.8921.

Meanwhile the euro and sterling were flat. The euro increased 0.03% to 1.1685, while the pound fell 0.11% to 1.3136. The Australian dollar was higher, with AUD/USD up 0.39% to 0.7219 while NZD/USD rose 0.23% to 0.6593.

.:https://www.investing.com/news/forex-news/forex-us-dollar-flat-as-trump-announces-tariffs-on-china-1613957



 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1732 Views
Last post May 12, 2019, 12:01:21 PM
by NadiaWits
0 Replies
2010 Views
Last post November 19, 2019, 03:27:50 PM
by Tony
0 Replies
889 Views
Last post December 18, 2019, 01:26:52 AM
by benito
0 Replies
438 Views
Last post July 08, 2022, 12:22:37 AM
by LaserWats
0 Replies
46 Views
Last post March 10, 2024, 12:09:47 AM
by MarthaYork


-

Discussion Forum / 论坛 / منتدى للنقاش/ Diễn đàn thảo luận/

-
Disclaimer : The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind. Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning trading online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to any trading. Investing in financial product is subject to market risk. Financial products, such as stock, forex, commodity, and cryptocurrency, are known to be very speculative and any investment or something related in them should done carefully, desirably with a good personal risk management.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any stock, forex, commodity, or cryptocurrency market movement. This website is for informative and discussion purpose in this website only. Whether newbie in trading, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about the trading or not. Discussion content reflects the views of individual people only. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Any tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments, stock, forex currency pairs, commodity, or any products or courses. Everyone should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual trading advice based on your own particular circumstances before making an investment decision on the basis of information about trading and other matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any traders and non-traders.