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Dollar trading is down and developments in the trade talks are expected

2019-04-09 09:44 am | Resource: News | No Views : 170

Dollar trading is down and developments in the trade talks are expected

The dollar's slide against the major currencies as investors wait for the latest developments in the US-China trade talks.

China says "big progress" made in US trade talks

Chinese Foreign Ministry spokesman Lu Kang said on Tuesday that "significant progress" had been made in the latest round of talks aimed at ending the months-long trade dispute with the United States. Lu said he hoped for a positive outcome of the negotiations.

Although it was speculated that US President Donald Trump would announce a summit with his Chinese counterpart Xi Jinping to finalize a trade deal, he said last week that the deal was "not ready yet" although the talks were "going well." In the meantime, Xi expressed in a letter sent to Trump Liuhe, hoping to conclude the trade negotiations as soon as possible.

Trump: I do not want to expect a deal with China

US President Donald Trump said on Friday he did not want to say with certainty that a trade deal would be reached between Washington and Beijing.

"I do not want to expect an agreement with China," the president told the press before leaving for California. But he noted that the United States was "very good" in negotiations with China and that Washington had been able to "negotiate the two most difficult points with great success."

Trump stressed that the United States and China have a "good relationship" and that the last meeting was "a great success".

Dollar trading against major currencies
 
  • The euro rose against the dollar by 0.08% and the euro traded at 1.1272.
  • The pound rose against the dollar by 0.16% with the pair trading at 1.3079.
  • The yen was up against the US dollar at 111.26 and the dollar was down 0.19%.
  • The greenback was steady against the Swiss franc, with the dollar trading at 0.9988.
  • Against the Canadian dollar, the greenback was down 0.08% and the Canadian dollar is trading at 1.3303
  • The Australian dollar and the New Zealand dollar rose against the US dollar by 0.28% and 0.16% respectively. The Australian dollar was trading at 0.7146 and the New Zealand Dollar at 0.6752.


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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