The USD Remains Flat

The USD advanced versus the Chinese yuan and slipped versus euro early Monday.

Now, the Euro versus the USD trades at $1.0963, which is a drop of $0.00133 or 0.12% from the previous close of $ 1.09765.

The daily range is from $1.0961 to 1.0990, while the trading volume is 43.735K.

Bloomberg stated that China had dug in its heels and is refusing to make concessions on its industrial procedures.

However, it is not sure that there was ever much will in Beijing to comply with that U.S. demand levels.

The yuan snapped a week of rallies versus the USD on the news and by 3:30 AM the offshore rate was at 7.1317, which is a drop of 0.3%.

The USD index surged 0.1% from late Friday's levels.

For the USD chart please go to the chart page: Crurrency Charts