Forex – Dollar Steady as Trade

The US Dollar was at 95.04 after ending the previous day down 0.33%.

The dollar fell on Wednesday, pressured lower by the British pound which was boosted by reports published by the UK and German governments abandoning key Brexit demands.

Investors remained focused on the U.S. – China trade dispute amid fears that an escalation could be imminent.

The U.S. President Donald Trump could slap tariffs on an additional $200 billion worth of imports from China when a public consultation period ends later Thursday.

The British pound remained almost unchanged during the day, with GBP/USD at 1.2933 after rising 0.45% yesterday.

The dollar slid lower against the yen, with USD/JPY losing 0.16% to trade at 111.29.

The euro edged lower against the U.S. dollar, with EUR/USD dipping 0.13% to 1.1621.