Forex

Dollar slips despite President Trump's remarks

2020-07-10 18:43:14 GMT (Economies.com)

The US dollar fell against most of its peers Friday, to maintain slim losses despite President Donald Trump's remarks.

 

President Donald Trump said that the Phase-Two trade agreement with the China is currently has become a low priority, adding "i have many other things in mind".

 

Trump stressed that two countries' relations has been severely damaged due to China’s mishandling of the coronavirus outbreak, that has spread to the US and many other countries.

 

He pointed out that China could have stopped the spread of the virus before the global outbreak this year, which is still ongoing rapidly.

 

The US producer price index reading for June shrunk by 0.2%, lower than forecasts of rising by 0.4%. 

 

The dollar index fell against a basket of currencies by 0.1% to 96.6 points as of 18:17 GMT, after hitting a high of 96.9 and a low of 96.4.

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