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Dollar fell against major currencies at the beginning of weekly trading

2019-02-25 08:27 am | Resource: News | No Views : 151



 
US dollar traded lower during early European trade on Monday amid news of a major easing in trade negotiations between China and Japan

Trump: US is moving to delay tariff increases in China

US President Donald Trump said the United States would delay tariff increases on Chinese goods originally scheduled for March 1. He also said a trade deal was within reach "assuming both sides make further progress" and expected a meeting with Chinese President Xi Jinping to conclude the negotiations.

"I am pleased to report that the United States has made significant progress in our trade talks with China on important structural issues, including intellectual property protection, technology transfer, agriculture, services, currencies and many other issues. I postpone the US tariff increase that was scheduled for March 1. Assuming that both sides make further progress, we will plan to hold a summit of President Xi and I in Mar-Lago to conclude an agreement, the weekend for the United States and China! "

Trump expects "very important news" in trade talks with China in a week or two

US President Donald Trump said on Sunday he wanted a good trade deal with China that would be good for both countries and there could be "very important news in the next week or two" if everything went well in the negotiations. Trump made the remarks before US governors in the White House just two hours after he announced a deadline for Friday to raise tariffs on Chinese goods worth 200 billion dollars. "We want to conclude an agreement that will be good for both countries and that is what we will do," Trump said.

Xinhua: China and America are making "great progress" in trade talks

The United States and China have made "significant progress" on specific issues in their latest round of trade talks, the official Xinhua news agency said Monday quoting the Chinese delegation to the ongoing negotiations in Washington. Xinhua's report did not include details.

US Dollar Trading
 
  • The dollar index, which tracks the greenback against a basket of other currencies, fell 0.02% to 96.345.
  • The euro rose against the dollar in early trading by 0.11% to trade the euro at $ 1.1347.
  • The Yen rose slightly against the Dollar by 0.02% and the Yen traded at 110.63
  • Against the British Pound, the Dollar was down 0.2% at $ 1.13083.
  • The NZD / USD rose 0.3% to 0.6865 on the back of optimistic retail sales data.
  • The Australian dollar rose against the US counterpart by 0.3% and the Australian dollar traded at 0.7151 levels.


Other analysis

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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