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While the overall global markets are going down, the U.S. dollar experiences hike from two weeks due to the ongoing trade conflicts among countries. The investors worried over the international conflicts are not able to invest in riskier assets.

The global markets went down with Shanghai Composite down to 0.4 and MCSI shares across the globe outside Japan lowered 0.5 in broadest index percentage the previous day.

KOSPI of South Korea shed 0.1, Australian stocks dropped 0.756, and Nikkei of Japan lost 0.35 in percentage.

Due to trade negotiations between the U.S. and other countries, the heavy weighted stocks like Nike and Facebook dropped a bit that worried the U.S. market.

The ongoing trade war with China has kept equity markets on hold as investors are nervous about the U.S. new tariffs plan of imposing $200 billion one after the other on Chinese goods.

The NAFTA deal with Canada also imposes pressure on the global market.

On Tuesday, the Argentinian peso went down over 2 percent. Donald Trump has raised his support to President of Argentina, Mauricio Macri in his efforts to win a loan from IMF.

On the other hand, the U.S. dollar witnessed a continuous increase from last two weeks as the investors are avoiding emerging currencies for now.

The manufacturing activity of the U.S. also boosted a climb after 14 years this month due to a rush in fresh orders.

The strong dollar burdened the denominated commodities such as crude oil in non-U.S. buyers that results in the dip of their prices. Brent crude fell 0.2 percent and reached $78.03 after three months peak of $79.72 per barrel while the U.S. crude lowered to 0.6 percent and reached $69.46.

The global markets are in turmoil due to the ongoing international tensions among countries. The U.S. dollar has maintained a firm position against all odds from last two weeks.