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US Dollar Rises As Investors See Progress in China Trade Talks

The US dollar is rising at the end of the trading week, driven by investors witnessing progress in the latest principal-level US-China trade negotiations. Markets do not expect that a comprehensive trade agreement, but investors think that both sides are open to a mini-deal that would pause the trade war. This would provide markets with some relief and certainty entering into 2020.

Euro Falls on Weak Eurozone PMIs, Recovers After US Services PMI Disappoints

The euro today fell to its daily lows early in the European session amid a flurry of disappointing services PMI releases from across the euro area by IHS Markit. The EUR/USD currency pair late recovered and rallied to its daily highs after the US ISM non-manufacturing PMI fell to multi-year lows.

Euro Mixed As Eurozone Data Disappoints Investors

The euro is trading mixed against a basket of currencies to start the trading week. With the latest economic data disappointing investors, the central bank, which announced a new edition of quantitative easing (QE) during last week’s policy meeting, is encouraging eurozone countries to start employing fiscal measures to sustain anemic growth. Can countries stimulate their economies out of a slump?

Japanese Yen Mixed on Trade, Inflation As Business Leaders Pessimistic

The Japanese yen is finishing the trading week mixed against several major currencies as trade and inflation data were in focus among investors. With new polls suggesting that the nation’s business leaders are bearish on the world’s third-largest economies, it is anyone’s guess as to whether Japan enters a recession or not. But the numbers are not pleasing to investors.

Japanese Yen Weakens As Investors Easing BOJ to Prevent Recession

The Japanese yen is weakening midweek as new economic data is exacerbating recession fears. With some central bankers suggesting pre-emptive stimulus to prevent a contraction, investors are paying attention and think the world’s third-largest economy is heading for a steep contraction, even with a new trade agreement with the US later this month

Japanese Yen Slides As Leading Economic Indicators Weaken

The Japanese yen is tumbling toward the end of the trading week, driven by a decline in several leading economic indicators. With the yen experiencing spikes since Tokyo reached a trade agreement in principle with the US, officials say that they monitoring the currency “with a sense of urgency.” Investors were once again assured by the central bank that the world’s third-largest economy is not showing any signs of a recession.

Russian Ruble Gains on Calls for G7 Reinstatement

The Russian ruble is gaining on Thursday after renewed calls to reinstate Moscow into the G7. After being ousted from the group of eight economies over the annexation of Crimea in 2014, Russia might return to the table and engage with other economic powerhouses. Data is also lifting the ruble toward the end of the trading week.

US Dollar Rallies Despite Recession Talk Amid Inverted Yield Curve

The US dollar is strengthening against other most-traded currencies midweek, possibly befuddling some passive investors after noticing a lot of recession talk trending across the online world. As the financial markets drown in an ocean of red ink and the primary measurement of the yield curve temporarily inverted, there is a fear that the US economy is on the cusp of slipping into a downturn.

Euro Falls as Fears of a Recession in Germany Dominate Markets

The euro today attempted to rally against the US dollar but failed to make any significant gains as investors sold the single currency on disappointing German GDP data. The EUR/USD currency pair failed to break above the crucial 1.1200 level amid selling pressure as fears of a German recession drove investors to the safe-haven dollar.

Pound Rallies on Upbeat UK Inflation, Drops on Recession Fears

The Sterling pound today rallied higher against the US dollar in the early London session following the release of the latest UK inflation data, which beat expectations. The GBP/USD currency pair later trimmed its gains as fears of a recession in the UK hit investors following the inversion of the UK yield curve for the first time since the 2008 financial crisis.

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