US Dollar Ends Week Mixed amid Geopolitical Uncertainty

The US dollar ended the week mixed amid confusing fundamentals. Uncertainty about the US-China trade negotiations, political turmoil in the United States, and other geopolitical factors were not helping the currency to find direction.
It is still unclear whether the United States and China will be able to make any noticeable progress in trade negotiations in the foreseeable future. The latest news was good, though, as high-level talks are scheduled to resume on October 10. Yet currently market participants are even more interested in the impeachment threat to US President Donald Trump.
The euro struggled after the release of another set of disappointing eurozone PMIs. The weak data increased pressure on the European Central Bank to increase stimulus.
Talking about stimulus, analysts speculate that the Brexit and uncertainty associated with it will leave the Bank of England no choice but to cut interest rates. Such speculations intensified after known hawk Michael Saunders talked about the possibility of looser monetary policy.
EUR/USD declined from 1.1012 to 1.0941 over the week. GBP/USD slumped from 1.2464 to 1.2287. USD/CHF ended the week at 0.9909 after opening at 0.9918 and falling to the weekly low of 0.9843.

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