Forex

Dollar rises on Trump's decision

2019-08-13 17:57:45 GMT (Economies.com)

US dollar rose today as global market's concerns over the US-China trade war eased after the US President Trump's decision.

 

Dollar also drew support from the US consumer price index data, which rose by 0.3% last month, higher than forecasts of 0.2%.

 

Trump’s administration decided to delay the tariffs increase on several Chinese imports until mid-December, and the US Treasury Department canceled tariffs on some other imports.

 

This temporarily exempted imports included iPhone mobiles, clothing, shoes, Xbox gaming devices and video games manufactured in China.

 

Meanwhile, by 17:31 GMT, dollar rose by 0.4% to 97.7 points, with a high of 97.8 points and a low of 97.3.

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