The US currency recovered losses associated with the beginning of the investigation as part of the impeachment proceedings against the US President Donald Trump, while rising tensions in world trade put pressure on the Chinese yuan and the Australian dollar.
The dollar fell on the eve after representatives of the Democratic Party of the US House of Representatives announced the start of an investigation into Trump, which could serve as a reason for the impeachment of the President.
However, later the dollar managed to correct the situation in the markets. The American currency index against a basket of major competing currencies rose to 98.633 points. In relation to the euro, the dollar is now trading stably at $ 1.0946.
Sharp comments as part of the trade dispute between the US and China have reduced investor risk appetite in the foreign exchange markets.
Trump, speaking at the UN General Assembly, strongly criticized China's trade policy, but in turn, expressed the hope that the two largest economies on the planet could reach an agreement to resolve the trade dispute.
Chinese Foreign Minister Wang Yi responded to criticism from the American leader, saying that Beijing is not going to take part in the “Game of Thrones” in the global arena, but at the same time urging Washington to respect Chinese sovereignty, including in Hong Kong.
The yuan in the offshore market lost 0.2% to 7.1232 against the dollar, affecting the Australian dollar, which also fell to $ 0.6771.
The Japanese yen fell in price by 0.27% to 107.33, and the Swiss franc rose by 0.18% against the single currency up to 1.0841.
AUDUSD: Sell. Entry point – 0, 6761. Take profit – 0, 6745. Stop Loss – 0, 6789.
NZDUSD: Buy. Entry point – 0, 6302. Take profit – 0, 6316. Stop Loss – 0, 6278.
USDCAD: Sell. Entry point – 1, 3255. Take profit – 1, 3238. Stop Loss – 1, 3284.