chinese imports: The euro was at 1.1320-1320, up from 1.293-1293, and at 122.94-94, up from 122.71-71. ; The dollar sagged below 108.40 in early trading, carrying over its weakness from foreign trading overnight amid rekindled concerns over a U.S.-China trade conflict following U.S. President Donald Trump's threat of additional tariffs on Chinese imports, according to The Japan Times. The greenback rose to around 108.60 in midmorning trading due to real demand-backed purchases, traders said. At 5 p.m., the dollar stood at 108.60-60, against 108.66-66 at the same time on Monday. The benchmark 225-issue Nikkei stock average's upturn to positive territory on the back of solid performances of U.S. and Chinese equities also supported the dollar's advance, an official of a foreign exchange margin trading service firm said. An official of a bank-affiliated securities firm said that investor sentiment isn't good due to political risks as well as weak U.S. economic indicators. The U.S. currency traded narrowly around 108.60 in afternoon trading.
(news.financializer.com). As
reported in the news.
Tagged under chinese imports, demand-backed purchases topics.