Dollar heads for weekly gain on trade talk hopes but doubts remain
The dollar held its gains versus the yen and Swiss franc on Friday as investors bought riskier assets on news that China and the United States had agreed to roll back tariffs as part of an as yet unfinalized preliminary pact to end their trade war.
China and the United States have agreed to roll back tariffs on each others’ goods in a “phase one” trade deal if it is completed, officials from both sides said on Thursday.
Sentiment is likely to remain supportive for the dollar, equities and other risky assets as a de-escalation in the U.S.-China trade war removes a huge risk to the global economic outlook.
“The overall tone is risk-on, which is a positive for the dollar and a negative for the yen,” said Tsutomu Soma, general manager of fixed income business solutions at SBI Securities in Tokyo.
“We can see this in other markets, which is why stocks are so strong. We still need to figure out when the United States and China will sign this deal, but the mood so far is supportive for markets.”
The dollar held steady at 109.26 yen on Friday, close to a five-month high, and was headed for a 1% gain for the week.
The greenback edged higher to 0.9949 Swiss franc, on course for a 0.9% gain.
The dollar index against a basket of six major currencies stood at 98.136, up 1% this week.
The progress in resolving the 16-month long trade war also supported the China’s yuan. In the onshore market, the yuan traded at 6.9788 per dollar, and it was set for its fifth straight weekly gain, which would be the longest winning streak since February.
However, there is still some skepticism about a trade deal as officials inside and outside the White House have bristled at the notion of giving up punitive tariffs.
Muddying the water further, White House spokeswoman Stephanie Grisham told Fox News Channel in an interview on Thursday that the United States is “very, very optimistic” about reaching a trade deal with China soon.
The prospects to the United States and China ending their trade war left the safe haven yen nursing losses against the euro and the Australian dollar.
Sterling traded near a two-week low in the wake of the Bank of England’s decision on Thursday to keep its Bank Rate unchanged at 0.75%. Investors had expected that decision to be unanimous, but two of the nine member board voted for a cut due to uncertainties posed by Britain’s fraught exit from the European Union, and others, including Governor Mark Carney, said they would consider a reduction in the future.
As a result, market odds on a interest rate cut next year rose as high as 80%.
The pound traded a $1.2812, close to the lowest since Oct. 24. Cable was on course for a 1% decline this week.
Hitherto, the BoE has resisted following the U.S. Federal Reserve and the European Central Bank in cutting its main interest rate, but the outcome of Thursday’s meeting suggests the BoE is poised to change its stance.
Source: CNBC
Comments (97)
chloroquine phosphate canada
is hydroxychloroquine an immunosuppressant
modafinil over the counter provigil online
prednisona prednisone warnings
service connected erectile dysfunction https://www.pharmaceptica.com/
hydroxychloriquine https://plaquenilx.com/# hcq medication
prednisone tablets prednisolone acetate
accutane medication buy isotretinoin
modafinil prescription online modafinil 100mg
bactrim trimoxazole 800
chloroquinolone malaria https://www.pharmaceptica.com/
https://deltasoneprednisone.com/ prednisolona
https://modafinilok.com/ modafinil for sale
how much bactrim for uti trimoxazole side effects
modafinil dosage provigil cost
trimoxazole tablets sulfamethoxazole tmp ds
roaccutane https://isotroinisotretinoin.com/
how much bactrim for uti What dose of co- trimoxazole is used in a patient with a UTI?
does prednisone raise blood pressure prednisone no prescription
adderall vs modafinil https://modafinilpleasure.com/
buy accutane accutane for acne
chloroquine for sale hydroxychloroquin
chloroquine death buy hcq
It’s in point of fact a nice and useful piece of info. I am happy that you just
shared this useful info with us. Please stay us informed like this.
Thank you for sharing.
I was suggested this web site by my cousin. I’m not sure
whether this post is written by him as nobody else know such detailed about my difficulty.
You’re amazing! Thanks!
Asking questions are in fact fastidious thing if you are not understanding anything completely, but this paragraph gives
fastidious understanding even.
Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.”
She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear.
She never wants to go back! LoL I know this is totally off topic but I had
to tell someone!
Simply want to say your article is as surprising. The
clearness on your post is just nice and that i can suppose you’re knowledgeable on this subject.
Well together with your permission let me to grab your RSS feed to
keep updated with coming near near post. Thanks one million and please keep up the rewarding work.
An impressive share! I have just forwarded this onto a co-worker who was conducting a little research on this.
And he in fact ordered me breakfast due to the fact that I found it for him…
lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending some time to discuss this matter here on your
website.
Do you mind if I quote a couple of your posts as
long as I provide credit and sources back to your website?
My blog site is in the exact same area of interest as yours
and my visitors would really benefit from some of the information you present here.
Please let me know if this alright with you. Thanks!
I do not know whether it’s just me or if everybody else experiencing problems with your site.
It appears as though some of the text within your content are running off the screen. Can somebody else
please provide feedback and let me know if this is happening to them too?
This could be a issue with my web browser because I’ve had this happen before.
Appreciate it
Hey! Someone in my Myspace group shared this site with us so
I came to give it a look. I’m definitely loving the information. I’m bookmarking and will be
tweeting this to my followers! Outstanding blog and terrific design and style.
Thanks in favor of sharing such a pleasant idea, piece of writing is nice, thats why i have read it fully
Great post however I was wanting to know if you could write a litte
more on this topic? I’d be very thankful if you could
elaborate a little bit further. Kudos!
Hi! This is my 1st comment here so I just wanted to give a quick
shout out and tell you I truly enjoy reading through your articles.
Can you suggest any other blogs/websites/forums that go over the same
topics? Thank you so much!
Hey I know this is off topic but I was wondering if you knew of any widgets I could
add to my blog that automatically tweet my newest twitter updates.
I’ve been looking for a plug-in like this for quite some time
and was hoping maybe you would have some experience
with something like this. Please let me know if you run into anything.
I truly enjoy reading your blog and I look forward to your new updates.
My brother recommended I might like this web site. He
was totally right. This post actually made my day.
You cann’t imagine just how much time I had spent for this information! Thanks!
Attractive section of content. I simply stumbled upon your blog and in accession capital to say that I get actually enjoyed account your weblog posts.
Anyway I will be subscribing in your feeds or even I success you access constantly fast.
It’s a shame you don’t have a donate button! I’d most certainly donate to this brilliant blog!
I guess for now i’ll settle for book-marking and adding your
RSS feed to my Google account. I look forward to new updates and will talk about this
website with my Facebook group. Talk soon!
Thank you for the auspicious writeup. It in fact was
a amusement account it. Look advanced to more added agreeable
from you! By the way, how could we communicate?
I’m not sure where you are getting your information, but good topic.
I needs to spend some time learning more or understanding more.
Thanks for wonderful information I was looking for this info for
my mission.
Hi, i think that i saw you visited my site thus i
came to “return the favor”.I’m attempting to
find things to improve my web site!I suppose its ok to use
a few of your ideas!!
Feel free to visit my web-site – tracfone special
You there, this is really good post here. Thanks for taking the time to post such valuable information.
online gambling in philippines 2023
accutane cream india price of accutane in south africa can you buy accutane
What are the potential side effects of taking 120mg of Accutane? https://isotretinoinex.website/
70 mg accutane generic accutane costs accutane mexico
buy accutane in dubai accutane 5 mg 10mg
best accutane cream accutane 20 mg buy online
How does a 70 mg dosage of Accutane affect the treatment of acne? https://isotretinoinex.website/
Looking to buy Accutane generic? Find great offers at generic accutane.
Are there any discounts available for purchasing 10 mg of Accutane? https://isotretinoinex.website/
buy accutane 10mg pill price of accutane in australia buy accutane from india
accutane cost online accutane costs accutane 10mg for sale
What is the recommended daily dosage for 50mg Accutane? https://isotretinoinex.website/
canadian pharmacy online accutane accutane 5 mg accutane 5mg
antivert 25mg for sale
meclizine 25mg tablet
meclizine 25 mg sale
antivert 25 mg brand
antivert 25 mg pill
order antivert without prescription
buy meclizine 25mg online
order meclizine 25 mg online cheap
meclizine 25mg for sale
order meclizine 25 mg for sale
order antivert 25mg pill
order antivert 25mg pills
buy antivert 25mg pills
buy antivert 25 mg generic
order antivert 25mg
meclizine us
I think the admin of this site is really working hard for his website since here every stuff is quality based data.
As I website owner I believe the content material here is really good appreciate it for your efforts.
Awesome! Its genuinely remarkable post I have got much clear idea regarding from this post
For the reason that the admin of this site is working no uncertainty very quickly it will be renowned due to its quality contents. Watch صفحه اول بی بی سی
naturally like your web site however you need to take a look at the spelling on several of your posts.
I very delighted to find this internet site on bing just what I was searching for as well saved to fav
I just like the helpful information you provide in your articles
Awesome! Its genuinely remarkable post I have got much clear idea regarding from this post
very satisfying in terms of information thank you very much. dubairacingtv
Metal waste regeneration Aluminium automotive parts scrap recycling Aluminium scrap processing equipment
Metal repurposing centers, Aluminum cable scrap grading, Scrap metal refurbishing
Metal scrap market research Aluminum scrap recycling equipment Aluminium scrap transit logistics
Scrap metal reclamation facility, Benefits of recycling aluminum cable scrap, Scrap metal repurposing technologies
Metal recovery and processing Aluminium scrap powder production Aluminium scrap inventory analysis
Scrap metal reclaiming management, Aluminum cable scrap collection, Scrap metal handling
Metal scrap recovery facility Aluminum scrap sale Aluminium recycling quality assurance
Scrap metal recycling technologies, Scrap aluminum cable value, Metal scraps recycle
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://www.binance.info/kz/join?ref=PORL8W0Z
Scrap metal shipment Scrap metal handling solutions Iron scrap assessment
Ferrous material recycling emission reduction, Iron scrap disassembly, Scrap metal management
Scrap metal disassembling Ferrous material recycling depot Iron scrap reconstruction
Ferrous material tools, Iron scrap reclamation, Metal waste buyback
Metal recycling compliance Ferrous material regenerating Iron waste recovery facility
Ferrous material recycling technologies, Iron waste recycling depot, Scrap metal reutilization yard
Metal reclaiming yard collection Ferrous material accreditation Iron scrap assessment
Ferrous material recycling depot, Iron recycle yard services, Metal scrap recovery solutions
Metal waste traceability Ferrous material facility management Iron salvage services
Ferrous material content creation, Iron waste reclaiming facility, Recycling yard management
Recycling yard management Ferrous metal inspection Iron recycling and reclamation
Ferrous material recycling environmental compliance, Iron disposal facility, Scrap metal recovery and salvage
It’s enormous that you are getting ideas from this article as well as from our argument made at this place.
Francisk Skorina Gomel State University
Francisk Skorina Gomel State University
Aw, this was an incredibly nice post. Spending some time and actual effort to create a very good article but what can I say I put things off a lot and never seem to get anything done.
What’s up everyone, it’s my first visit at this website, and article is really fruitful in favor of me, keep up posting such posts.