FOREX-Trade tensions hoist dollar to near 2-week highs; pound struggles [Reuters]
The Bank of New York Mellon Corporation (BK)
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Source: Reuters
FOREX-Trade tensions hoist dollar to near 2-week highs; pound struggles | Reuters 4 Min Read * Dollar index rises to near two-week high * Sterling weakens, Trump’s Brexit deal comment weighs * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh By Dhara Ranasinghe LONDON, Nov 27 (Reuters) - The U.S. dollar rose to its highest level in almost two weeks against its major rivals on Tuesday, after President Donald Trump said that he would push ahead with tariffs on Chinese goods, fuelling concern about world trade tensions. Sterling was the weakest performing major currency, falling across the board after Trump said the agreement on the United Kingdom’s departure from the European Union may make trade between the United States and Britain more difficult. Separately, Trump told the Wall Street Journal that he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from 10 percent currently. The threat of an escalating trade conflict between the world’s t
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