Forex- U.S. Dollar Falls on Mixed Trade Signals; Pound Rises
Investing.com - The U.S. dollar fell on Thursday, as mixed trade signals kept investors at bay.
Earlier in the day, China reiterated its expectations that tariffs should be lifted as part of a phase-one deal, after Bloomberg reported on Wednesday that U.S. officials expect a deal before the latest round of American tariffs takes effect on Dec. 15.
The news was a complete turnaround from comments from U.S. President Donald Trump earlier in the week. Trump said Tuesday that a deal could be made after the 2020 election, sending markets reeling.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, slipped 0.2% to 97.458 as of 10:31 AM ET (15:31 GMT). The dollar was lower against the safe-haven Japanese yen, with USD/JPY down 0.1% to 108.75.