Friday, 21 September 2018
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Dollar Extends Gains After Trump Comments on China Tariffs
Friday, 14 September 2018 23:38 WIB | CURRENCIES |DOLLARDolar AS

The dollar extended gains and the Aussie hit a session low after a report that U.S. President Donald Trump said he wants about $200 billion of tariffs on China despite upcoming talks.

The Bloomberg dollar index rose as much as 0.3% after the report; AUD/USD was down almost 0.6% to a session low of 0.7154 before paring losses.

EUR/JPY fell as much as -0.4% to a low of 130.31 as U.S. equity markets turned down; bias turns bearish on failure to move above key resistance at 131.12 200-DMA.

USD/CNH rose 0.5% and traded near a session high of 6.8790; weekly high is seen at 6.8892.

Source: Bloomberg

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