Posted by Reuters
Date: 11:07 PM, August 20
The US dollar fell on Monday as investors in the safe-haven currency declined as optimism about US-China trade talks rose, after US President Donald Trump criticized the pace of the Federal Reserve's interest rate hike.
The dollar index, which tracks the performance of the greenback against a basket of six currencies, fell 0.3 percent to 95.83 in the North American session ahead of US-China trade talks scheduled for this week.
Investors hope the talks will ease tensions between the world's two largest economies.
The dollar index fell to a one-day low after a Reuters interview with Trump on Monday, in which he said he would criticize the Federal Reserve if he continued to raise interest rates and that the central bank should be more accommodating and "should get more help from the Federal Reserve "He said.
The greenback also fell against the euro, which has been hit by fears that the currency crisis in Turkey could hurt euro zone banks, as well as the uncertainty in the planned budget for the Italian government.
Against the greenback, the euro was up 0.34 percent at $ 1.148 on the day.
The Turkish lira fell 1.5 percent on Monday, weighed down by Standard & Poor's Global and Moody's downgrade sovereign debt rating towards the high-risk zone.