The dollar held steady against its key rivals on Thursday as escalating Sino-U.S. trade tensions forced investors to take shelter in safe-haven assets, including government bonds.
As the standoff between the world’s two biggest economies showed no signs of being resolved, fears of a hit to global growth has rippled through financial markets in recent sessions, with riskier assets in particular bearing the brunt of those concerns.
Against a basket of six major currencies, the dollar inched 0.03% lower to 98.113, hovering within reach of a two-year high of 98.371 reached a week ago. The index is up more than 2% for the year.
Source : Reuters