"biggest trade war history" hit the dollar[/size] Twilight News
2 hours ago
The US dollar fell on Friday as US tariffs on Chinese imports came into effect, but a weak response by currency markets to the measure suggests that the escalation was already in the hands of investors.
Investors are awaiting the release of the US Senate report later on Friday, Reuters reported.
The United States imposed customs duties on imports of Chinese goods worth 34 billion dollars, and entered into force on Friday.
Beijing described US actions as the biggest trade war in history and began Friday to impose tariffs on US goods.
The dollar index fell against a basket of six currencies to 94.317 after falling to 94.177, its lowest since June 26 the previous day.
The latest development led the EUR to rise to $ 1.1727, the highest level since June 26, while the Australian dollar jumped 0.1% to $ 0.7405.
Against the Japanese yen, the dollar fell 0.1 percent to 110.56 yen, while the Chinese yuan remained weak against the dollar, dropping 0.2 percent to 6.6506 yuan to the dollar.