The U.S. Dollar Was Broadly Higher On Monday

By Investing.com----

The U.S. dollar was broadly higher on Monday, as optimism over the U.S.-China trade conflicts supported risk sentiment, despite further signs of a slowdown in the U.S. manufacturing sector.

 

The U.S. Dollar Index, which measures the greenback’s strength against a basket of six major currencies, rose 0.3% to 97.852 as of 10:18 AM ET (14:18 GMT), thanks largely to gains against the safe-haven yen and Swiss franc, as well as against sterling.

 

Speaking at the G7 summit in Biarritz, France, on Monday, U.S. President Donald Trump said that he had received two phone calls from Chinese officials over the weekend urging new talks, which he interpreted as a signal that China was willing to make concessions in the ongoing trade dispute. Read Full Story on Investing.com

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