Greenback Stronger Following New U.S. Tariffs

Thursday, 23/08/2018 | 07:12 GMT

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The greenback appreciated for the first time within a period of six days, following the new U.S. tariffs on Chinese imports worth $16 billion taking effect today Thursday.

On the other hand, the Chinese nation will be imposing tariffs on U.S. goods accordingly.

The U.S. Dollar Index traded to 95.34 gaining 0.4% supported by the Federal Reserve's statement for increasing rates again provided though that the U.S. economy remains financially healthy.

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Source: https://www.exclusivecapital.com/greenback-stronger-following-new-u-s-tariffs/

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