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US Dollar rose at the beginning of weekly trading against most currencies

2019-02-11 09:31 am | Resource: NEWS | No Views : 219

 US dollar rose against its major counterparts in the Asian session on Monday on concerns about global economic growth as traders moved to the appeal of safe assets. Investors are cautious as they look forward to the next round of US-China trade talks in Beijing this week.

Resumption of trade talks

The White House said US Trade Representative Robert Lefteizer and Treasury Secretary Stephen Menuchin will visit Beijing next week for a two-day trade tour with their Chinese counterparts from February 14 to 15. Statement on Friday. They will be engaged in "meetings at a key level" to discuss the trade relationship between the two countries, which will be preceded by negotiations at the deputy level which will begin on February 11.

The delegation will also include Under Secretary of State for International Affairs David Malbas and other senior officials from the Ministry of Agriculture, the Ministry of Commerce, the White House, the Office of the Trade Representative and other institutions involved in the negotiations. He said.

Beijing criticizes the United States after warships sail in the South China Sea

At the joint level, the Chinese Foreign Ministry strongly criticized the United States on Monday after its warships sailed near the disputed islands in the South China Sea earlier in the day. At a press conference, ministry spokesman Hua Chunying said the ships entered Chinese waters without Beijing's permission.

Earlier in the day, US missile destroyers USR Spruance and USS Preble entered Chinese waters in what a US Navy spokesman called a "maritime navigation operation" to "challenge excessive maritime demands and maintain access to waterways." As it is governed by international law. "It was the second time since the start of the year that US warships approached the disputed islands and followed Washington's invitation to Beijing to remove its missiles from the islands.

On the other hand, Hua expressed his hope that the trade negotiations between the United States and China will lead to good results this week.

US Dollar Trading
  •  The dollar was lower against the euro during morning trade to trade the euro at 1.1328.
  • The dollar rose to a four-day high versus the pound to trade at 1.2924. .
  • The US dollar rose against the yen to a 4-day high of 110.01.
  • Against the Swiss franc, the dollar traded strongly at the beginning of trading to trade the pair at the levels of 1.0003.
  • The greenback was higher against the Canadian dollar, with the Canadian dollar trading at 1.3297.
  • The greenback remained flat against the Australian dollar after falling to a four-day low of 0.7108.

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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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