Traders Await December 15 Tariffs, Dollar Wobbles – 4 December, 2019

As investors await the day tariffs are supposed to be imposed on Chinese goods, December 15, the dollar inched lower against major currencies. After President Trumps comments about the agreement potentially not taking place until 2020, the dollar index dipped by 0.1% to 97.551. The yen was steady at 108.84 per dollar, while the greenback fell to the Swiss franc as it inched up to 0.9879 per dollar. The euro was steady at $1.1084 against the dollar, and news that Prime Minister Boris Johnson will most likely win a majority during next week’s election, sterling was back up to an eight month high. The Australian dollar shed 0.2% to $0.6838 on weaker than expected retail data, while the kiwi reached a four month high of $0.6555, adding 0.4%.