The main market’s drivers
The US currency accelerates the decline on optimism, which is caused by the productive talks between the US and China regarding trade relations. So, according to the latest data, negotiations between the United States and the China started on Monday and ended on Wednesday with the hope of concluding a trade deal. The details of the negotiations between the participants of the trade war are not disclosed, but the participants speak of good results. The results of the negotiations will be published on early Thursday. On Tuesday, the US President D. Trump tweeted: “Negotiations with China are going very well!”.
The US dollar index remains under pressure from optimism associated with the expectation of positive results of negotiations on trade agreements between the US and China, while limiting to levels of support: 95.70 and 95.50.
The US dollar index chart. The current price is 95.70 (10-year government bonds yield is the blue line)
Read also: “The economy of Japan in the conditions of a long ultra-soft monetary policy”
Andre Green
Earn with the help of the trade service on the news Erste News!
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