Dollar was mixed against currencies as the trade conflict subsided
2019-05-15 09:57 am | Resource: News | No Views : 26
The dollar fell as the dollar index fell in European trading on Wednesday as traders followed trade war developments and mutual exchanges between the two sides.
Chinese President stresses the lack of conflict of civilizations amid the trade dispute with Washington
Chinese President Xi Jinping on Wednesday stressed that "there is no clash of civilizations" amid tension with the United States and concern about China's rising power, condemning the theory of racial superiority. This comes after a senior US official last month described the rivalry between China and the United States as "a conflict with a different civilization and a different ideology."
Trump: the trade war with China "small quarrel"
US President Trump said yesterday that the trade negotiations with Beijing "did not collapse" and added that the two sides were conducting "very good dialogue", despite his criticism of the Chinese side earlier after announcing retaliatory measures against the new US tariffs. Stressing that the two countries can still reach an agreement that puts an end to it. "The Chinese want an agreement, this can be done," Trump said before leaving Washington for Louisiana. Stressing the robustness of the US economy, Trump reiterated that he would only accept a "good deal" or nothing at all.
The reason for the return of the procedural conflict ignored China 30% of the draft agreement
The trade negotiations between Washington and Beijing broke down last week because the Chinese delegation made a counteroffensive to the initial US proposal, Nikkei said on Wednesday. US President Donald Trump is alleged to be "angry" after Vice Premier Liu He submitted to Washington a document in which nearly 30 percent of the pages were revised.
China has deleted or revised all parts of the text it deemed "disproportionate," sources familiar with the case said. From the Chinese point of view, every element that the United States wanted to be legally binding was unequal and the collapse was "pre-determined" after Beijing removed the most sensitive and important elements of the agreement.
Dollar trading against currencies
- The dollar index declined by 0.09% to trade at 97.44 points.
- The euro rose 0.11% against the dollar to $ 1.1218.
- GBPUSD retreated against the greenback in European trading to settle at 1.2918.
- The greenback was down against the yen at 0.16% with the yen trading at 109.49.
- The Swiss Franc was higher against the US Dollar, with the Dollar trading at 1.0060.
- Against the Canadian dollar, the greenback was up 0.10% at 1.3478.
We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…
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