Dollar Supported By Trade And Strong Economy – 9 August, 2018

Investors betting that global trade tensions will continue has caused the dollar to rise against most major currencies and has left the greenback with the upper hand over emerging markets. The dollar index was up 0.2 percent against six major currencies at 95.245. The increase was also supported by rising producer prices and U.S. initial jobless claims doing better than expected. Against the dollar, the euro was down 0.3 percent to $1.1581.