Forex Made Easy for Everyone.

TOKYO, Aug 2 (Reuters) - The U.S. dollar held on to gains against a basket of its peers on Thursday, after the Federal Reserve gave an upbeat assessment of the world’s biggest economy and stayed on course to gradually lift interest rates.

The dollar rose against a basket of currencies on Thursday, as a flare-up in trade tensions between the United States and China drove traders to buy the U.S. currency.

The dollar index, which measures the greenback against a basket of six other currencies, was up 0.32 percent at 94.931.

Overall, the dollar is stronger today, and most of it seems to be coming on the back of increased trade tensions

US Dollar Dented as Service Industries Expand at Slower Pace
Talking Points:
The ISM non-manufacturing figure was 55.7 versus an expected 58.6
Last month’s figure was 59.1, July’s drop is the largest since August 2016
The dollar fell lower as markets reach the end of a busy week for economic data

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