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U.S. Dollar Jumps as Trade Tariffs on China Delayed

U.S. Dollar Jumps as Trade Tariffs on China Delayed

14 Aug 2019 09:55 AM
 
The U.S. dollar surged on Tuesday after the U.S. Trade Representative delayed tariffs on a number of items, including toys and computer consoles. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, gained 0.4% to 97.570. Tariffs on Chinese goods are being delayed to Dec. 15, while certain products are being removed due to “health, safety, national security and other factors.
The announcement of the tariffs in early August caused a selloff on the greenback as investors feared the U.S. and China would not end their year-long trade dispute.

 

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