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Dollar was mixed against major currencies after reports of continued trade talks

2019-02-26 11:06 am | Resource: NEWS | No Views : 182

Dollar is trading mixed as markets in the US recorded a decline in the red zone during pre-sale trading on Wall Street on Tuesday as investors sought evidence of the outcome of trade negotiations between the world's two largest economies.

 Earlier media reports said part of the Chinese delegation was staying in Washington to continue trade negotiations between the United States and China at the expert level.

Trade talks continue between the United States and China at the expert level

A part of the Chinese delegation remained in Washington to continue trade negotiations between the United States and China at the expert level, the South China Morning Post reported Monday, citing sources close to the issue. According to this article, the remaining trade representatives from Beijing remained to agree on the technical aspects of the trade agreement.

On the other hand, US President Donald Trump said on Monday that the trade agreement between Washington and Beijing had reached "advanced stages", stressing that this is why he decided to postpone the imposition of new tariffs on Chinese imports. The president had said earlier that he hoped to "sign the summit" of the agreement with his Chinese counterpart Xi Jinping soon.

US Futures Contracts
  • The Dow Jones industrial average fell 0.40% at 11:38 am CET,
  • While the Nasdaq 100 traded 0.42% in the red zone at the same time.
  • The Standard & Poor's 500 Index fell 0.31% at the same time.

Dollar trading against major currencies
  • The euro was almost flat against the dollar to trade at 1.1363 at 11:40 am.
  • The pound rose against the dollar by 0.88% and the GBPUSD is trading at 1.3217.
  • The greenback was down against the yen at 0.16% with the dollar trading at 110.84.
  • In front of the franc, the dollar remained unchanged at 1.0000 around the same time
  • The Australian Dollar and its New Zealand counterpart rose against the US Dollar by 0.21%, 0.02% respectively, with the AUD trading at 0.7153. And the pair of New Zealand 0.6880.

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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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