The dollar edged up on Thursday as market players prepare for a potential full-scale Sino-U.S. trade war.
On Friday, the U.S. is scheduled to impose tariffs on $34 billion of Chinese goods. Beijing has said earlier it would slap tariffs on an equal value on U.S. exports including agricultural and auto exports.
However, Chinese Ministry of Finance said in a statement on Wednesday that China would “never fire the first shot”, and that the country would not implement tariffs ahead of the U.S., despite recent reports suggested that Beijing would begin imposing tariffs hours ahead of the U.S. due to the time zone difference.
The U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, climbed 0.11% to 94.29 on Thursday by 12:30AM ET (04:30 GMT). The index slipped to 94.397 on Wednesday, its lowest level in over a week.
