Day: October 11, 2019

October 11
2019

US Dollar Rises As Investors See Progress in China Trade Talks

The US dollar is rising at the end of the trading week, driven by investors witnessing progress in the latest principal-level US-China trade negotiations. Markets do not expect that a comprehensive trade agreement, but investors think that both sides are open to a mini-deal that would pause the trade war. This would provide markets with some relief and certainty entering into 2020. On Friday, President Donald Trump will meet […]

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October 11
2019

EUR/USD Gains on Trade Deal Optimism, Retains Gains After Positive US Data

EUR/USD rallied today amid rumors that the United States and China are close to getting a deal, at least a small temporary one. Renewed hopes for a Brexit deal between the United Kingdom and the European Union added to the traders’ optimism. While the currency pair has halted its upward movement by now, it retained its gains despite surprisingly good macroeconomic reports in the United States. Import prices rose by 0.2% in September versus […]

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