The U.S. Dollar index fell on Friday against a basket of six major currencies pressured by concerns about the trade talks between China and the United States.

The U.S. Dollar index fell on Friday against a basket of six major currencies pressured by concerns about the trade talks between China and the United States.

August 20, 2018 0 By Ali Hwary

The U.S. Dollar index fell by 0.45 percent against a basket of six major currencies to close Friday’s trading session in the red territory at 96.01 pressured by concerns about the trade talks between China and the United States.

In the Eurozone, the Euro rose against the U.S. Dollar for the third session in a row to end the session in the green at 1.14368 EURUSD due to the hopes that the talks between the United States and China will ease the tensions between both countries.

Meanwhile, the British Pound rose by 0.27 percent against the Greenback to end the session up at 1.27471 GBPUSD as the data pointed that the United Kingdom’s economy is relatively well.

Regarding safe-havens, the Greenback declined against the Japanese Yen and Swiss Franc to end the session lower at 110.472 USDJPY and 0.99526 USDCHF. Meanwhile, the prices of precious metal closed the trading session in the green at 1184.70 XAUUSD.

Elsewhere in Canada, the U.S. Dollar dropped against the Loonie where it closed the session in the red at 1.30587 USDCAD; the Canadian Dollar was supported by the increase in oil prices where U.S. Crude Oil and the rise of the inflation rate in July by 3 percent.

In Asia, both the Aussie and Kiwi rose against their U.S. counterpart by 0.74 percent and 0.73 percent respectively to end the session higher at 0.73115 AUDUSD and 0.66339 NZDUSD.

Regarding Cryptos, the Bitcoin rose against the U.S. Dollar to end higher at 6454.11 BTCUSD while LTCUSD closed higher at 57.00 and ETHUSD rose to end the session in the green at 298.26.

 

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