Trade Talks — News Archive

    Archives

Chinese Yuan Weakens As Trade Talk Hopes Fade

The Chinese yuan is weakening against several major currency rivals to kick off the trading week, driven by investors not expecting much to come out of the renewed US-China trade negotiations this week. Traders’ hopes were dashed after one prominent White House official conceded he “wouldn’t expect any grand deal” as the world’s two largest economies hold talks.

US Dollar Ends Week Firm on US-China Ceasefire, Nonfarm Payrolls

The US dollar ended the week with gains against the majority of most-traded currencies, though not against the Canadian dollar. The US-China trade ceasefire and positive US employment data were the main contributors to the greenback’s rally.

Pound Falls on Weak UK Manufacturing Data and Strong US Dollar

The British pound today fell against the US dollar following the release of weak UK manufacturing data by Markit Economics failing to capitalize on Friday’s bullish attempt. The GBP/USD currency pair was under pressure from the revitalized greenback following the pause in trade hostilities announced by the US and China over the weekend.

US Dollar Ends Week Flat vs. Majors, Lower vs. Commodity Currencies

The main theme this week was the Group of Twenty summit, or more specifically the meeting of the US and China leaders on the sidelines of the summit. The US dollar ended the week either flat or a little higher versus other majors as traders were reluctant to risk ahead of a major event. Yet it seems they were optimistic enough for riskier commodity currencies to become clear winners this week despite the threat of interest rate cuts from […]

Euro Rallies on Upbeat German and Eurozone Data, Later Falls

The euro today rallied higher against the US dollar following the release of upbeat German and eurozone macro data in the early European session. The EUR/USD currency pair later fell from its highs as investor sentiment shifted, but rallied briefly on the weak US macro releases before falling again.

US Dollar Flat as USA & China Act Tough

The US dollar was mostly flat today, erasing gains and losses it posted against its rivals earlier during the trading session, as markets were somewhat directionless today. While optimism about the upcoming US-China trade talks was affecting markets, it was slowly eroding after comments made by both Chinese and US officials.

Euro Stays Range Bound for Second Day Despite Multiple Releases

The euro today traded sideways against the US dollar reacting to releases from both the European and American dockets but failing to break out in a specific direction. The EUR/USD currency pair rallied higher in the early European session and later headed lower ignoring the upbeat German inflation data as the greenback recovered.

NZ Dollar Rebounds Despite Worsening Business Confidence

The New Zealand dollar dropped initially today as the domestic business confidence worsened. But the currency rebounded later as the general market sentiment was relatively positive and supportive to riskier currencies.

NZ Dollar Fails to Hold Ground in Face of Risk Aversion

While the New Zealand dollar was attempting to rally earlier today despite risk aversion prevailing on the market, currently the kiwi has retreated, trading below the opening level against many of its most-traded rivals. Domestic macroeconomic data did nothing to help the currency of New Zealand.

Euro Rallies on China’s Retaliatory Measures, Drops Shortly After

The euro today leapt to new monthly highs against the US dollar after news reports suggested that China was planning retaliatory tariffs on US exports. According to the Guardian, China is set to implement a 25% tariff on $60 billion worth of US imports as well as halting bond purchases among other measures.

Navigation

Menu