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Dollar subdued as confidence returns, focus on U.S.-China trade talks
Friday, 17 August 2018 08:42 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The dollar was little changed against other major currencies on Friday after nudging away from 13-1/2-month highs amid easing risk aversion and as investors awaited the next developments in the U.S.-China trade saga.

The dollar index, a measure of the greenback's strength against a basket of six major peers, was steady at 96.647.

It had climbed to 96.984, its highest since late June 2017 on Wednesday during a week in which a plunge by the Turkish lira to record lows and concerns over China™s economic health hit emerging market currencies, driving up demand for the safe-haven greenback.

The dollar lost steam, however, after China and the United States agreed on Thursday to hold a new round of trade talks on Aug. 21-22, helping stem risk aversion in the broader markets.

Source : Reuters

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