Economic news

Dollar gains on trade worries

The dollar was steady near one-year peak on Thursday as incoming signals about developments in the trade relations between U.S. and its major partners triggered purchasing of the currency.

Photo: Reuters

The dollar's index .DXY climbed 0.3 percent to 95.51, not far from a mid-July 2017 top of 95.529 scaled last week.

The safe-haven yen traded below a 2018 peak of above 111 yen a dollar touched last month. The greenback last traded at 110.32 yen.

The euro slipped 0.2 percent to $1.1538 following weak economic figures and political worries in Germany.

The Australian dollar surged 0.2 percent to $0.7356 after hitting a 1-1/2-year low of $0.7323 in the previous session.


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