Dollar Firm Despite Trade Tensions – 30 August, 2018

The dollar stood firm against a basket of major currencies with the index little changed, posting its first gain in five days by 0.15 percent to 94.721. Despite ongoing U.S.- China trade tensions and President Trump’s eagerness to impose $200 billion in tariffs on Chinese imports, the greenback has remained a safe haven bet for investors. The euro dipped 0.3 percent overnight and an additional 0.1 percent after opening to $1.1662. The yuan was firm at 6.8600 per dollar, gaining 0.1 percent after losing 0.7 percent the previous day, and the yen was little changed at 111.000 after advancing 0.6 percent the day before.