Dollar Turns Lower as US-China Tensions Ramp Up

The dollar index (DXY00) on Wednesday fell from a 1-week high and finished down by -0.04%.  The dollar relinquished early gains on Wednesday and turned lower after a Reuters report stated that the Trump administration is considering broad restrictions on exports to China made with US software in retaliation for China's latest round of rare earth export restrictions.  The ongoing shutdown of the US government is also bearish for the dollar.  The longer the shutdown is maintained, the more likely the US econ ...