Web
Analytics
The news is by your side.

fades

Dollar fades from two-week high tied to trade fears

NEW YORK: The dollar dipped against a basket of currencies on Friday, fading from a two-week peak which was tied to news of a record Chinese trade surplus that may fuel US-China trade tensions and that briefly spurred safe-haven bids for the greenback. The dollar’s pullback likely stemmed from modest gains on Wall Street and a drop-off in trading volume before the weekend, analysts said. “The US dollar has been moving inversely with stocks. They could have restrained the dollar somewhat,” said Eric Viloria, currency…