The U.S. Dollar was trading flat against a basket of currencies at the beginning of Thursday, after back-to-back sessions of strong selling pressures.
The Greenback's performance was primarily driven on this week by weaker Treasury yields in response to concerns of global growth, renewed issues over U.S. and China trade relations and worries over the U.S. government shutdown.
Investors are still reacting to all the news regarding global growth concerns early on the week. But, U.S. - China trade tensions would probably be the most dominant presence driving investor sentiment at the time.
The International Monetary Fund warned the appetite for risky assets on Monday when it cut its 2019 and 2020 global growth forecasts, while citing a bigger-than-expected slowdown in China and the Eurozone, while there was also a failure to resolve the U.S. and China trade tensions promptly.
Asides from this, as the week began, China announced about their official economic growth coming in at 6.6% in 2018, its slowest pace since 1990. The number, even when it was widely expected, it represented a noticeable decline from the revised 6.8% reported in 2017.
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