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The dollar climbed against its peers on Tuesday as worries about the U.S.-China diplomatic tensions and rising coronavirus cases affected risk appetite.
The dollar traded at 107.26 on the yen after a 0.4% gain in the last session. It stood at 0.9418 on the Swiss franc.
The euro firmed at $1.1346 and at 90.40 pence per pound.
The Trump administration is planning to scrap a 2013 agreement between the U.S. and Chinese auditing authorities, worsening the diplomatic conflict between the two countries. This could lead to a crackdown on Chinese firms listed on U.S. stock markets that are eluding U.S. disclosure rules.
In onshore trade, the yuan dropped 0.2% to 7.0091 on the dollar. Asian currencies such as the Singapore dollar fell after the latter’s GDP fell by a record 41.2% in the second quarter.
The Australian dollar sat at $0.6949 and the New Zealand dollar traded at $0.6541.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
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