Dollar stands tall as investors seek shelter
LONDON - The dollar held near recent highs on Monday as uncertainty over the U.S.-China trade war encouraged investors to move into the safety of the greenback, while the New Zealand dollar slid to a 4-year low after business confidence tumbled.
Traders in Asia mostly shrugged off news that the Trump administration was considering de-listing Chinese companies from U.S. stock markets after the reports were hosed down by Treasury officials, but investor sentiment remained fragile. The U.S. currency, measured against a basket of rival currencies, was little changed at 99.061 .DXY in early European trade, while against the euro it stood at $1.0945“Were there better stories overseas, we suspect the dollar might be a little weaker right now, but there are not and thus the dollar is holding its gains,” ING analysts said in a research note.
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