The dollar, stable in a day without risk; the pound on the defensive – Digital Journalist

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Investing.com – The dollar barely registers the changes compared to other major currencies on Wednesday, as new fears about the US-China trade war have slowed demand for riskier assets; the pound continues on the wrong foot as the debate on the government's Brexit plan continues.

Wall Street collapsed on Tuesday after a series of tweets from US President Donald Trump damaged investor confidence in the possibility of reaching a resolution of the US-China trade dispute during the 90-day respite.

Trump has threatened to impose higher tariffs on China soon unless they make concessions, exacerbating fears about global growth forecasts.

Concerns on US bond markets that signal an imminent recession also weigh on market confidence.

The dollar index, which tracks the evolution of this currency against a basket of six other major currencies, stands at 96.93 at 10.10 am (CET).

The volume of operations will be low because the US markets will remain closed on the day of mourning the death of President George H. Bush.

The dollar rises slightly against the yen, advancing USD / JPY 0.2% to 112.99.

The euro hardly changes with respect to the dollar, settling at the level of EUR / USD at the level of 1.1338.

The pound rises against the US currency, indicating 0.13% of the GBP / USD at the 1.2732 level.

The pound falls to its lowest level since June 2017, following a series of failures of the British Prime Minister's Brexit plan, Theresa May, in Parliament.

The British currency is under intense pressure awaiting the parliamentary vote on the Brexit agreement of 1 December, in the face of uncertainty about its approval.

Investing.com

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