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The US dollar on the dollar index, which measures the strength of the US currency against a basket of major currencies, fell to the lowest level in four months to continue to decline with investors in wait and see attitude by what the tension between the United States and China will bring, according to Reuters.
The United States had given China until Friday to close its consulate in Houston after allegations of stealing intellectual property, and China has vowed to respond. This tension has pushed the yuan to its biggest drop in more than two months.
The euro recorded $ 1.1573 less than the 21-month high of 1.1601 reached this week after European Union leaders reached an agreement on the bloc’s recover fund. The Australian dollar fell from a 15-month high to 0.7151.
