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Direct: The US dollar fell slightly against a basket of major currencies on Monday, amid worries over trade conditions between the world's two largest economies, following data on the budget deficit.
Economic data revealed that the US budget deficit widened to about $ 120 billion in July, alongside a 23% increase in spending.
Investors around the world expect the development of trade friction between the US and China after escalating tensions last week and the announcement by President Donald Trump that he did not want to wrap up a trade agreement with Beijing.
Goldman Sachs yesterday lowered its economic growth forecast in the United States, warning that a trade deal was unlikely before the 2020 presidential election and that the risk of recession was increasing.
At 18:43 GMT, the greenback was down 0.2% against the single European currency, bringing the euro to $ 1.1223.
The dollar also fell more than 0.4% against the yen, to 105.22 yen, and about 0.4% against the British pound, bringing the British currency to 1.2083 dollar .
The green paper fell to 0.9690 francs for the currency pair (the dollar).
During this period, the dollar index, which tracks the performance of the US dollar against the six major currencies, declined by only 0.09%, to 97.404 after having recorded 97.738 previously.
Direct (economy)
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