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US dollar traded higher with the erosion of growing trade war fears

2019-08-16 01:13 pm | Resource: News | No Views : 55

US dollar traded higher with the erosion of growing trade war fears

The US dollar edged higher against most of its major counterparts in European trade on Friday, as Treasury yields fell from historic lows yesterday after strong US retail sales data for July helped ease fears of a possible recession.

Navarro: The United States and China are talking

White House trade adviser Peter Navarro said on Friday that Washington and Beijing were in "negotiations" at the moment. In an interview with CNN, Navarro added that the US economy was "very strong" and that the current White House administration was "surprised" by China's willingness to "shoulder the burden of tariffs."

Demand for safe haven bonds fell after positive comments on trade by US President Trump overnight. Trump said on Thursday he hoped the US-China trade dispute would be relatively short and hinted at a meeting in September. Trump said earlier that the next round of trade talks with Beijing, scheduled for September, was "still ongoing" while reducing the possibility of retaliatory tariffs on US imports to China.
  • The benchmark yield on 10-year Treasuries rose 1.57 percent
  • The 30-year Treasury rate rose 2.03 percent.
  • The yield trades inversely against bond prices.
 
 Dollar trades against currencies
 
  • The dollar rose to 106.49 against the yen, from a low of 106.03,
  • The dollar rose to an 11-day high of 0.9807 against the franc
  • The greenback rose against the euro to a two-week high of 1.1080.
  • The US dollar rebounded to 0.6776 against the Australian dollar.
  • The dollar rose to a two-day high of 0.6423 against the kiwi
  • The dollar fell to an eight-day low of 1.2160 against the pound.
  • The dollar rose to 1.3286 against the Canadian dollar from yesterday's closing price of 1.3313.


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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

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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