China, Trump and Trade Deal
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The dollar and China's yuan were steady on Wednesday as teams from U.S. and China concluded trade talks in London, hinting at a thaw in a damaging trade war between the world's two largest economies but offering scant detail.
Global stocks and the dollar slipped on Thursday as investors sized up a benign U.S. inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dented risk sentiment.
The dollar is mostly a little firmer against the G10 currencies, though the euro and Swiss franc are notable exceptions, but barely. Click to read.
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SINGAPORE (Reuters) - Stocks were buoyant and the dollar remained on guard on Tuesday as trade talks between the United States and China were set to extend to a second day, with tentative signs tensions between the world's two largest economies could be easing.
The dollar was staring at yet another daily loss as the U.S. and China were set to kick off a fresh round of trade talks in London. The U.S. Dollar Index, which measures the value of the dollar agains
Wall Street experienced dips in stocks and the dollar as Treasury yields eased, following President Trump's announcement of a 'done' U.S.-China trade deal with scant details. Despite hopes for a lasting resolution,
"Expectations of fewer previously expected ECB rate cuts have lent some support to the euro," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. That contrasts with the likely resumption of a Fed easing cycle later this year, and as Trump has repeatedly called for U.S. rates to be lowered.
China's yuan slipped against the dollar while falling to a near two-year low versus its major trading partners on Friday, as U.S. President Donald Trump and Chinese leader Xi Jinping held a much-anticipated call but left key issues that have stoked tensions between the world's two largest economies unresolved.
Seazen Group Ltd., one of the few major private-sector Chinese developers yet to default, started marketing a dollar bond that would be the first of its kind in more than two years.
Global stocks and the dollar were positive but muted on Tuesday as trade talks between the United States and China continued through a second day, giving investors some reason to believe tensions between the world's two largest economies may be easing.