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Dollar holds near two-and-a-half-week peak on higher yields, trade tensions
Tuesday, 21 May 2019 08:33 WIB | CURRENCIES | Indeks DolarDolar AS

The dollar held near a 2-1/2-week high on Tuesday, supported by higher U.S.-yields and as intensifying trade frictions between the United States and China boosted appetite for the safe-haven greenback.

The dollar index against a basket of six major currencies stood at 97.947 after brushing 98.036 overnight, its highest since May 3.

Global equities have taken a hit this week, with a U.S. crackdown on China's Huawei Technologies driving chipmakers lower due to fears of a widening trade conflict.

Source: Reuters

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