2018-10-30
The dollar rose to a two-and-a-half-month high on Tuesday, boosted by concerns over an escalating US-China trade war.
 
The euro fell under the pressure of the strength of the dollar as investors awaited a series of data, including euro area GDP and inflation in Germany.
 
Bloomberg reported that Washington was preparing to announce customs duties on all Chinese imports by early December if talks between US President Donald Trump and his Chinese counterpart Xi Jinping failed.
 
Trump Wuxi is scheduled to meet on the sidelines of the G20 summit in Argentina at the end of November.
 
The dollar, measured against a basket of currencies, rose 0.2 percent to 96.806, a 2-month high of 96.860 last week.
 
The euro fell to $ 1.1369 after hitting a 10-week low of $ 1.1332 on Monday.
 
The Australian dollar was up 0.5 percent at $ 0.7090.
The Chinese currency stabilized near seven yuan to the dollar. In foreign trade, the Chinese currency stood at 6.9688 yuan to the dollar, up 0.1 percent during the session