Tariff Discussion Causes Dollar And Yen To Dip – 25 February, 2019

With the U.S. deadline for imposing tariffs on Chinese imports and a stronger risk appetite for the dollar and yen caused both currencies to dip. The yen slipped to a two month low against the euro as it gained 0.7 percent against the Japanese currency to 126.255 yen, while the dollar edge up 0.4 percent to 111.11 yen. Against a basket of six major currencies, the dollar index fell by 0.1 percent to 96.429. The offshore yuan hit 6.6737 per dollar, hitting its strongest levels since mind July.The euro edged up against the dollar by 0.2 percent to $1.1363.  As a barometer for China’s risk, the Australian dollar rose 0.6 percent to US$0.7175.