Investing.com – The U.S. dollar was lower on Monday as investors remained cautious after U.S. President Donald Trump denied he would roll back tariffs on Chinese goods.
Hope of a trade deal diminished after Trump said on Friday that he had not agreed to end tariffs on Chinese goods as part of a trade deal, as was claimed by the Chinese Commerce Ministry earlier last week.
Talks were moving slower than he would like, and he would only make a deal if it was best for America, Trump added on Saturday.
The greenback was also held back by a surge of unrest in Hong Kong, as police used live ammunition on protesters who had tried to block roads and delay trains during the morning commute. Elsewhere, protesters set a man arguing with them on fire.
The , which measures the greenback’s strength against a basket of six major currencies, slipped 0.2% to 98.058 as of 10:45 AM ET (14:45 GMT).
The safe haven Japanese yen was higher with down 0.2% to 109.08.
Elsewhere, sterling surged after Brexit Party leader Nigel Farage said his party . His comments increase the chances of the Tories winning a majority during the U.K. general election on Dec. 12. That would secures the EU withdrawal agreement made last month by Prime Minister Boris Johnson. jumped 0.8% to 1.2868, not far from an earlier high of 1.2883. The euro was higher against the dollar, with rising 0.2% to 1.1033.
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