Daily Business Wrap - Dollar wins due to trade war

The dollar edged towards a one-week high on Thursday as the trade tensions between China and the United States prompted investors to seek shelter in the greenback.

While U.S. money markets are pricing in roughly two rate cuts by January 2020 and the bond yield curve inverted further overnight, signalling rising recessionary risks for the world's biggest economy, demand for dollars show no signs of abating.