Dollar sinks as stocks rise on US-Sino trade talk hopes

Economies.com
2019-10-10 18:22PM UTC

The US dollar fell against a basket of major currencies today, as investors shifted to stocks due to improved risk appetite, amid anticipation for the US-China trade talks results.

 

A new round of the US-China trade talks, began today  in Washington and will continue until Friday, in attempts to reach a trade deal that will end the ongoing trade war.

 

President Trump said today that he will meet with the Chinese Vice Premier Liu He tomorrow at the White House, which raised markets hopes for a tangible progress in the talks.

 

Trump added that China is willing to make a deal, which came after news reports that China is willing to talk about a possible partial deal with the US, as long as no more tariffs are imposed.

 

The dollar index fell a basket of major currencies by 0.5% to 98.6 points as of 18:11 GMT, with an intraday high of 99 and a nadir of 98.6.

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 28-03-2024
2024-03-28 17:42PM UTC
The EURUSD price provided additional negative trades to reach the thresholds of the first waited ...
NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...