The dollar is stable when trade tensions decline, euros less change
The dollar stabilizes the currency basket after the United States and the European Union agreed to deal to avoid commercial warfare, while the Euro changed little ahead of the latest policy announcement of the European Central Bank.
US Dollar Index, the index measures the strength of the dollar compared to a basket of six major currencies, trading at 93.98 at 03:49 AM ET (07:49 GMT).
Market psychology was promoted after U.S. President Donald Trump and European Commission chairman Jean-Claude Juncker reached the trade cooperation Agreement. The two parties agreed not to impose any additional tariffs while they continue to discuss the elimination of the Tariff threat on European automobile imports to the United States Versus the dollar, the Euro does not change much, the EUR/USD rate at 1.1729. Investors are aiming for the outcome of the ECB meeting today, but no changes were expected after the ECB announced plans to promote a large stimulus program in Dec at the previous month's meeting and committed to keeping interest rates in In the summer of 2019. The dollar dropped to the lowest in three weeks than the yen, with a USD/JPY discount of 0.25% to 110.70. The British pound has slightly changed, GBP/USD rates at 1.3192.
US Dollar Index, the index measures the strength of the dollar compared to a basket of six major currencies, trading at 93.98 at 03:49 AM ET (07:49 GMT).
Market psychology was promoted after U.S. President Donald Trump and European Commission chairman Jean-Claude Juncker reached the trade cooperation Agreement. The two parties agreed not to impose any additional tariffs while they continue to discuss the elimination of the Tariff threat on European automobile imports to the United States Versus the dollar, the Euro does not change much, the EUR/USD rate at 1.1729. Investors are aiming for the outcome of the ECB meeting today, but no changes were expected after the ECB announced plans to promote a large stimulus program in Dec at the previous month's meeting and committed to keeping interest rates in In the summer of 2019. The dollar dropped to the lowest in three weeks than the yen, with a USD/JPY discount of 0.25% to 110.70. The British pound has slightly changed, GBP/USD rates at 1.3192.
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