Economic news

Dollar stable as Syria strikes give way to extending trade concerns

The dollar was stable on Tuesday as the investors' attention turned back to global trade problems while concerns over wider conflict in the Middle East eased.

Photo: Reuters

The dollar index traded near 89.430 after a 0.4 percent drop in the previous session, not far from its two-week trough of 89.355 touched last week.

Versus the yen, the greenback weakened to 107.04 yen, sliding from its seven-week peak of 107.78 yen scaled on Friday as traders awaited meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe on Tuesday and Wednesday.

The euro was steady at $1.2380.

Sterling briefly edged up to $1.4355, touching its top since the Brexit vote in June 2016.

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