#easing

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-hits-new-high-on-easing-sino-u-s-trade-tensions

Forex – Dollar Hits New High On Easing Sino-U.S. Trade Tensions

© Reuters. The dollar opened the week rallying against the other major currencies in Asia

Investing.com –  The dollar opened the week rallying against the other major currencies in Asia, climbing to a fresh new high this year. Risk appetite revived as the trade war between the world’s two biggest economies is put “on hold”.

The that tracks the greenback against a basket of six major currencies last stood at 93.79, up 0.21% at 12:09AM ET (04:09 GMT).  It was the highest level since mid-December last year.

U.S. Treasury Secretary Steven Mnuchin said on Sunday that the trade war with China is now put on hold. “We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin said.

The dollar picked up as China and the U.S. agreed to halt imposing punitive import tariffs. Chinese and American negotiators set up a framework to address the trade imbalances.

The pair added 0.40% to 111.21. As fears of the trade war faded, investors turned to riskier assets such as equities, which weighed down the safe-haven yen.

In China, the People’s Bank of China set the set the reference rate for the yuan against the dollar, the mid-point from which the currency is allowed to trade, at 6.3852 versus the previous day’s 6.3763. The pair gained 0.04% to trade at 6.3820.

Down under, the pair added 0.15% at 0.7521. Australia will see a light data week, except releasing its construction work done figures on Wednesday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollar-hits-new-high-on-easing-sino-u-s-trade-tensions

Forex – Dollar Hits New High On Easing Sino-U.S. Trade Tensions

© Reuters. The dollar opened the week rallying against the other major currencies in Asia

Investing.com –  The dollar opened the week rallying against the other major currencies in Asia, climbing to a fresh new high this year. Risk appetite revived as the trade war between the world’s two biggest economies is put “on hold”.

The that tracks the greenback against a basket of six major currencies last stood at 93.79, up 0.21% at 12:09AM ET (04:09 GMT).  It was the highest level since mid-December last year.

U.S. Treasury Secretary Steven Mnuchin said on Sunday that the trade war with China is now put on hold. “We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin said.

The dollar picked up as China and the U.S. agreed to halt imposing punitive import tariffs. Chinese and American negotiators set up a framework to address the trade imbalances.

The pair added 0.40% to 111.21. As fears of the trade war faded, investors turned to riskier assets such as equities, which weighed down the safe-haven yen.

In China, the People’s Bank of China set the set the reference rate for the yuan against the dollar, the mid-point from which the currency is allowed to trade, at 6.3852 versus the previous day’s 6.3763. The pair gained 0.04% to trade at 6.3820.

Down under, the pair added 0.15% at 0.7521. Australia will see a light data week, except releasing its construction work done figures on Wednesday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.