Foreign exchange- U.S. Greenback Inches Up; Chilean Peso Tumbles 



Investing.com – The U.S. dollar was slightly higher on Tuesday, but traders remained cautious as they waited for an update on a trade deal with China from U.S. President Donald Trump.

Trump is expected to speak at 12:00 PM ET (1700 GMT) at the Economic Club in New York. The possibility of a deal has helped Wall Street reach record highs, but optimism died down after Trump indicated over the weekend he would only sign if it was the “right deal” for America.

The , which measures the greenback’s strength against a basket of six major currencies, rose 0.2% to 98.180 as of 10:11 AM ET.

The safe haven Japanese yen was higher with down 0.2% to 109.08.

Chile’s peso fell to a historic low as protests that have left 20 dead continued. The dollar rose through 800 pesos for the first time ever, touching an all-time high of 800.15 before retreating slightly to 787.25, still up 3.8% on the day.

Elsewhere, sterling was flat as investors wait for the Dec. 12 election. fell 0.1% to 1.2842. The pound had surged on Monday after Brexit Party head Nigel Farage said his party won’t contest any seats currently held by the Conservative Party, increasing the chance that Prime Minister Boris Johnson’s EU withdrawal agreement is secured. The euro fell against the dollar, with down 0.2% to 1.1014, after the European Central Bank’s vice-president Luis de Guindos warned that the negative side-effects of its negative interest rate policy are becoming increasingly apparent.

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