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The Dollar was mixed against major currencies after Trump tweets

2018-12-05 12:00 pm | Resource: News | No Views : 85



The dollar held steady against a basket of currencies on Wednesday as fears of a Sino-US trade war grew as Trump threatened through a series of tweets, shaking investor confidence in a full resolution of the US-China trade dispute during a 90-day trade truce.

 In other news, German government spokesman Stephen Seibert said Wednesday that talks between the United States and the country's auto giants were separate from trade negotiations.

The leaders of Volkswagen AG, BMW A and Daimler AG arrived in Washington yesterday for meetings with administration officials. Sybert said the talks had a "common background" and were characterized by a "good atmosphere".

After a meeting with US President Donald Trump yesterday, Volkswagen CEO Herbert Des talked about plans to invest in the United States, including a factory for making electric cars. The White House said the main topic of discussion was US investment opportunities.

The Dollar traded on a minor change on Wednesday
  • The dollar index, which measures the strength of the dollar versus a basket of six major currencies, stabilized at 96.93 levels.
  • The greenback was slightly higher against the yen, with USD / JPY rising 0.2% to 112.99.
  • The Euro was mixed against the US Dollar, with EUR / USD trading at 1.1338.
  • The British Pound was up against the US Dollar, with GBP / USD gaining 0.13% to hit 1.2732.


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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 22 February 2019

Time frame Used - four hours The USD/JPY is moving in a sideway direction in the near term. The USD/JPY is still facing resistance and selling pressure around levels of  111.42 - 110.92 as the USD/JPY is floating in a narrow range and the USD/JPY is moving above the Bollinger's moving average line within the narrow range, indicating a potential price explosion but Not yet determined in any direction. In…

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