Dollar Falls on Hopes U.S., China Can Resolve Trade Spat

By Anonymous

Fresh hopes of avoiding an all-out trade war lift investor risk appetite

The dollar fell to its lowest level in more than two months Thursday, as fresh hopes that the U.S. and China can avoid an all-out trade war boosted investors’ risk appetite.

The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, was recently down 0.4% at 88.87, its lowest level since early August. The measure is off more than 2% from its August highs.