US Edition
Dollar Slips After Rally, Focus Shifts to US-China Talks
- The US dollar weakened against major currencies on Monday as US-China trade talks commenced in London with key officials from both sides present.
- The discussions follow an initial deal reached in Geneva last month and take place against a backdrop of trade volatility, declining Chinese exports, and cautious investor confidence.
- The dollar index fell 0.07% to 99.045, with gains in the euro, sterling, yen, Swiss franc, and commodity-linked currencies, while US Treasury yields eased after Friday's jump.
- Charu Chanana of Saxo Markets noted that while continuing discussions could have some value, without a definitive breakthrough, market sentiment is unlikely to improve significantly.
- Investors await the May US inflation report and next week's Federal Reserve meeting, anticipating if trade tensions will influence potential October rate cuts and global risk sentiment.
30 Articles
30 Articles
The dollar begins a new day looking to reverse the trend of the last days. The United States currency in Chile advanced last Friday and this Monday, but it did not manage to close for over $940 the unit. Thus, the dollar dropped $ 3.09 regarding the closing of this Monday and reached a value of $936.31 the unit. If it continued like this, the currency would end with a streak of two consecutive days upward, where it added $9.65. However, in the f…
New Strait Times
Dollar steady as traders await details from US-China talks
LONDON: The US dollar was steady on Tuesday as talks between Beijing and Washington continued for a second day, stirring investors' expectations of an easing in trade tensions, while sterling dropped as British jobs data pointed to a weaker labour market. © New Straits Times Press (M) Bhd
The Mexican peso presents an appreciation against the dollar at the close of this Monday’s day in the midst of the negotiations between the United States and China that are taking place in London at the start of the week. The Mexican currency had an appreciation of 0.33 percent or 6.3 cents regarding the previous closing; the exchange rate was 19.04 pesos per dollar, according to data from the Bank of Mexico (Banxico). The peso reached a new min…
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