Possible U.S.-China Trade War Causes Dollar To Fall – 18 June, 2018

President Trumps threats to additional tariffs on Chinese imports and worries of a trade war caused the dollar to fall to the yen and Swiss franc. The yen hit its highest level this week against the dollar, rising 0.7 percent to 109.795 yen, while the franc rose 0.3 to 0.9917 franc against the dollar. Chinas yuan reached a five month low against the dollar. The Australian dollar hit a one year low of A$ 0.7391 due to the U.S.- China trade tensions.