Reported 19 days ago
The US dollar experienced a brief rebound before retreating due to increasing tensions in US-China trade relations, leading investors to seek safety in currencies like the yen and Swiss franc. Beijing's countermeasures against US-linked firms and the introduction of new port fees heightened market fears, causing the euro and sterling to gain while the Australian and New Zealand dollars dropped. Analysts highlight that the trade conflict's underlying issues persist, indicating ongoing volatility in the currency markets.
Source: YAHOO