The US Dollar Rises Globally Before Economic Data



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DirectThe US dollar appreciated against a basket of major currencies on Tuesday, ahead of economic data and political and economic concerns.

Investors are following the changing economic and political situation with the unrest in Hong Kong and the record drop in Argentine money with the preliminary results of the presidential election.

Investors are waiting for commercial developments between the United States and China. President Donald Trump said he did not want to enter into a trade deal with Beijing.

US inflation data should be released later in the day.

Economic data revealed that the US budget deficit widened to about $ 120 billion during the month of July.

At around 21:35 GMT, the dollar was up about 0.1% against the euro, to settle at $ 1,200, while it was down from the previous year. about 0.1% against the yen at 105.19 yen.

The greenback appreciated by 0.08% to 1.2066 dollar against the pound sterling, while it was stable against the Swiss franc at 0.9696 franc.

During the same period, the dollar index, which tracks the performance of the currency against the six major currencies, increased by 0.1% to 97.520.

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