Economic news

Dollar hovers near 1-week trough amid trade-related anxiety

The dollar fluctuated near a one-week nadir versus a basket of major currencies on Tuesday as investors remained cautious while worries increased over a deepened conflict between the U.S. and its main trade partners, including China.

Photo: Reuters

The dollar's index .DXY was virtually changed at 94.32, its lowest level in almost two weeks. So far in June, the index climbed 0.34 percent.

The greenback slid 0.3 percent to 109.460 yen, having dropped to a two-week weak point of 109.365 in the previous session.

The euro inched down 0.1 percent to $1.1696, extending its rebound from its 11-month trough of $1.1508 hit on Thursday. The common currency remains vulnerable due to ongoing political turmoil in Europe.

Sterling was stable at around $1.3282.


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