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[size=36]The Dollar Climbing Supported by Concerns of New US Charges on China[/size]
01:00 - 05/09/2018
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BAGHDAD (Reuters) - The
dollar rose broadly on Wednesday as concerns mounted that US President Donald Trump would step up a trade war with Beijing soon by charging more Chinese imports.
Trump may impose customs duties on new Chinese goods valued at $ 200 billion after the deadline for receiving public opinion on the new tariffs on Thursday, but it is not clear when this might happen.
The dollar received further support from strong US indices that reinforce the justification for new US interest rate increases.
The dollar index, which tracks the performance of the greenback against a basket of currencies, rose 0.2 percent to 95.662 at 0750 GMT, approaching the two-week high of 95.737 recorded in the previous session.
Since Tuesday, the dollar has gained more than 2 percent against the South African rand and the Argentine peso and more than 1 percent against the Mexican and Colombian pesos.
The dollar rose in 2018 against all major currencies except the Mexican peso and the Japanese yen
dollar rose broadly on Wednesday as concerns mounted that US President Donald Trump would step up a trade war with Beijing soon by charging more Chinese imports.
Trump may impose customs duties on new Chinese goods valued at $ 200 billion after the deadline for receiving public opinion on the new tariffs on Thursday, but it is not clear when this might happen.
The dollar received further support from strong US indices that reinforce the justification for new US interest rate increases.
The dollar index, which tracks the performance of the greenback against a basket of currencies, rose 0.2 percent to 95.662 at 0750 GMT, approaching the two-week high of 95.737 recorded in the previous session.
Since Tuesday, the dollar has gained more than 2 percent against the South African rand and the Argentine peso and more than 1 percent against the Mexican and Colombian pesos.
The dollar rose in 2018 against all major currencies except the Mexican peso and the Japanese yen
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