Trade War Fears Leave Investors Cautious – 10 June, 2019

President Trump threatened another round of tariffs on Chinese imports, but it did little to shake a steady dollar. Investors, however, are keeping their appetite in check on the uncertainty of what is to come. Against a basket of six peers, the dollar was 0.02% higher to 96.781, ending the previous session up 0.2%. President Trump expects to meet Chinese President Xi Jinping at the G20 gathering to further hash out plans, though nothing is confirmed. The offshore  yuan was last trading 0.2% higher against the dollar to 6.9310 yuan per dollar. The Australian dollar hit a one week low of $0.6953, before recouping some losses to settle at $0.6965. Against the yen, the dollar was steady at 108.415 yen, and the euro was unchanged at $1.1317.