Investing.com – The U.S. dollar surged on Tuesday after the U.S. Trade Representative delayed tariffs on a number of items, including toys and computer consoles.
The , which measures the greenback’s strength against a basket of six major currencies, gained 0.4% to 97.570 by 10:46 AM ET (14:46 GMT).
Tariffs on Chinese goods are being delayed to Dec. 15, while certain products are being removed due to “health, safety, national security and other factors.”
The announcement of the tariffs in early August caused a selloff on the greenback as investors feared the U.S. and China would not end their year-long trade dispute.
The Japanese yen, which is seen as a safe-haven in times of market turmoil, fell with jumping 1.3% to 106.63.
The euro fell as political uncertainty in parties in Italy continued, with falling 0.2% to 1.1184. inched up 0.1% to 1.2079.
Meanwhile, the Argentine peso continued to trade near all-time lows but pared some losses, as investors feared the country could return to instability after Argentine President Mauricio Macri suffered a surprise defeat in primary elections on Sunday. rose 8% to 56.15 per dollar, after crumbling to 61.99 on Monday.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.