US Open Preview – Dollar trades with caution ahead of PPI; EM currencies at fresh lows as trade fears weigh
Posted on September 12, 2018 at 11:31 am GMTHere are the latest developments in global markets: FOREX: During the early European session, the dollar was slightly weaker against the yen at 111.47 (-0.13%), while the dollar index also stood marginally lower at 95.16 (-0.09%) as investors were cautious about whether Washington will proceed with further import tariffs against China, potentially forcing Beijing to take countermeasures as well. In emerging markets, trade fears spurred a further sell-off, with the offshore Chinese yuan dropping to 2 ½ -week lows and the Indian rupee hitting fresh record troughs [..]