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Dollar rises as 'Phase One' U.S.-China trade deal remains elusive

Reuters India Wednesday, 20 November 2019
The dollar edged higher on Wednesday on news that a "phase one" U.S.-China trade deal may not be completed this year, raising the prospect of another hike in tariffs and spurring safe-haven demand.
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News video: Without a China trade deal, U.S. will hike tariffs: Trump

Without a China trade deal, U.S. will hike tariffs: Trump 00:44

U.S. President Donald Trump said on Tuesday that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war that has roiled markets and damaged growth worldwide.

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