US dollar rises from two-month low

Washington, The US dollar rose on Monday against a currencies basket, recovering from a two-month low as fears of trade war eased.

The US Dollar Index (DXY) rose more than 0.2 percent to 96.87 points, the opening level of 96.63 points, and the lowest level at 96.63 points.

The agreement between the United States and Mexico includes extensive measures to be taken by Mexico to prevent the influx of illegal immigrants from Central America, and the United States has given up the threat of a 5 percent tariff on Mexican imports as of today, the New York Times reported.

US Secretary of the Treasury Steven Mnuchin, chief negotiator for trade talks with China, said President Trump would decide whether more tariffs would be applied to China after his meeting with the Chinese president later this month.

Source: Jordan News Agency