Foreign exchange – U.S. Greenback Rises on Huawei, Commerce Aid – The U.S. dollar rose Tuesday, hitting a three-week high as investor tension eased after the U.S. removed some restrictions on Chinese tech giant Huawei.

The , which measures the greenback’s strength against a basket of six major currencies, was up 0.2% to 97.922 as of 10:32 AM ET (14:32 GMT) after hitting an earlier high of 97.965.

The U.S. Commerce Department lifted some sanctions that will allow Huawei to purchase American goods after investors voiced worry that the ban could have a strong global impact on technology companies.

Google (NASDAQ:) and chipmakers had said they had to stop doing business with the Chinese conglomerate due to it being put on a blacklist last week by the White House.

The dollar was down against the safe-haven yen, with falling 0.1% to 109.93.

Elsewhere, sterling was volatile ahead of an expected speech from U.K. Prime Minister Theresa May at 11:00 AM ET (15:00 GMT). Some reports suggest she could change her Brexit draft deal to include a Customs Union offer, while ideas of a second referendum are still being floated around.

fell 0.1% to 1.2715, while slipped 0.2% to 1.1150 and dipped 0.1% to 1.3417.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.