Economic Fears and Trade Tensions Weigh on Dollar – 27 August, 2019

U.S.-China trade wars added on to the already weighed down global economy with positive changes made after U.S. President Donald Trump’s comments on Chinas willingness to open negotiations were quickly wiped away after Beijing declined to confirm whether or not those plans were actually made. The dollar fell against the yen with the yen gaining 0.35% to 105.77 per dollar. The dollar index dropped 0.1% overnight to 98.013, and the pound was last up 0.57% to $1.2285. The euro slipped 0.1% to $1.1089, and the Australian dollar last stood at $0.6751 after losing 0.4% the previous session.