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Direct: The US dollar fell against major currencies, to its lowest level in a week on Monday, due to the escalating trade war and increased speculation that has led to further declines in rates. American interests.
The US currency fell on Thursday after China's central bank lowered the yuan's benchmark and the currency to its lowest level in a decade.
US President Donald Trump decided last week to introduce a new 10% tariff on Chinese goods worth $ 300 billion from September.
According to reports in the press today, companies owned by the Chinese government have been ordered to suspend the importation of US agricultural products.
Faced with the upsurge in trade tensions, investors have badumed that the Fed will take further steps to facilitate monetary policy at its next meetings.
Last week, the Fed decided to cut interest rates for the first time in a decade.
Later in the day, the Non-Manufacturing ISM Index is expected to be released later today.
At 1050 GMT, the dollar was down 0.5% to 1.114 dollar and down 0.6% against the yen to 105.99 yen.
The greenback was up 0.08% to $ 1.2152, while the Swiss franc was down 0.8% to 0.9743.
During this period, the leading dollar index, which measures the currency's performance against six major currencies, fell 0.4% to 97.717.
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