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Dollar lifted by cautious optimism for Trump trade speech


Tuesday, 12 November 2019 23:30 WIB

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The dollar was broadly stronger on Tuesday on guarded optimism ahead of a speech by U.S. President Donald Trump in which he is expected to delay a tariff decision on European automakers by six months, according to European Union officials.

Trump's lunchtime speech at The Economic Club of New York will be closely watched by investors anxious for any positive news about his administration’s long-running trade war with China.

Against a basket of six currencies, the dollar was up 0.13%, last trading at 98.330. Against the euro it was 0.16% stronger, last at $1.102.

The greenback was also higher against traditional safe-haven currencies as investor demand for risk picked up modestly; it was up 0.09% against the Japanese yen and 0.13% versus the Swiss franc.

Source : Reuters


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