Traders Wait Tariff Update, Dollar Steady – 9 December, 2019

Investors held off on large bets as they await new updates on the ongoing U.S.-China trade war and the tariffs on Chinese imports expected to take effect starting December 15. Against six major currencies, the greenback was o.04% lower for the day. The dollar dipped 0.21% against the Swiss franc but was up 0.17% against the offshore yuan. The Australian dollar dipped 0.1%, and the kiwi nudged 0.14% lower. November data shows Chinese exports fell for a fourth straight month, pressured by manufacturers caught in the trade war. Against the dollar, the pound was up to a seven month high 0f $1.3180  before settling at $1.3146 just before Thursday’s election.