The dollar extends its gains globally as trade tensions abate



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DirectThe US dollar advanced Tuesday against a basket of major currencies, trade concerns and economic data eased.

The US currency was supported when the United States announced the postponement of tariffs on some Chinese products, including mobile phones, until mid-December and decided to remove some products from the list that will be subject to customs duties.

Trade negotiators in the United States and China also made a phone call today, accepting further telephone discussions over the next two weeks.

Investors are alert to economic and political developments related to Hong Kong turmoil and the sharp depreciation of the Argentine currency with preliminary results for the presidential election.

Economic data revealed that the US consumer price index had risen last month.

At 15:15 GMT, the dollar was up 1.1% against the euro, settling at $ 1.188, while it was gaining about 1.1% at $ 1.18. , 49 yen.

The greenback was up about 0.06% to $ 1.2069 against the British pound, while the Swiss franc rose 0.4% to 0.9739 franc.

During the same period, the dollar index, which tracks the performance of the currency against six major currencies, increased by 31% to 97.701.

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