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Dollar Up Over Rising U.S-China Tensions and U.S. Protest Fears

1 month ago   |   By FXCM

By Gina Lee
Investing.com - The dollar was up on Tuesday morning in Asia, with investors turning to the safe-haven asset even amid optimism over the global economic recovery from the COVID-19 virus.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.06% to 97.875 by 11:31 AM ET .
In the latest retaliation between the U.S. and China, China ordered state owned enterprises on Monday to postpone orders of U.S. agricultural products such as soybeans as well as cancel some U.S. pork orders.
The latest point of contention between the two countries is...
Read more ...

 

Asian Stocks Up on Recovery Optimism But Tempered by Rising U.S.-China Tensions

1 month ago   |   By FXCM

By Gina Lee
Investing.com - Asian stocks posted modest gains on Tuesday morning, with investors optimistic about the global economic recovery from the COVID-19 virus, with companies re-opening for business and the global economy starting on the long but certain road to recovery.
Hong Kong's Hang Seng Index was up by 0.58% by 10:42 PM ET .
China's Shanghai Composite was up 0.07% and the SZSE Component was up 0.10%, with both indexes reversing earlier gains.
Investor sentiment soured over mounting U.S.-China tensions after China informed state-owned firms on Monday to halt purchases on U.S...
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