Dollar firms above 1-month lows on trade tensions

Financial Post | Dec 4, 2019 at 8:13 AM
  • The dollar held firm above a one-month low against its rivals on Wednesday as uncertainty about the progress of trade talks between the United States and China fueled demand for the greenback.
  • Money market futures are pointing to a rate cut of one quarter point by next July.
  • The Australian dollar was the biggest loser against the dollar, falling 0.5% versus the greenback after some disappointing third quarter growth data and retracing a cumulative gain of 1.5% in the last two sessions.