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On Monday, the greenback kept soaring against the euro, yen as well as many other currencies amid the easing of fears of a trade conflict between China and the United States and a soar in the yield of US Treasuries.
The previous weekend, representatives of the United States and China announced the success of the next round of negotiations, expected to take place in Washington. As Vice Premier of the State Council of the People's Republic of China Liu He told, the sides agreed to take measures, which wouldn’t allow a trade conflict between the countries, including counteraction to the surge of trade duties.
The United States and China definitely suspended the trade feud, US Treasury Secretary Stephen Mnuchin told on Sunday. He added that following the outcomes of bilateral negotiations, Beijing and Washington refused the idea of mutual leap in trade duties.
The dive of the common currency and the evergreen buck is limited by news from Italy and Greece.
In Rome, the populist parties, which managed to win the March election agreed on the candidacy of the prime minister. On Monday they are expected to present the candidate as well as the new government to the Italian president Sergio Mattarella. The name of the upcoming prime minister won’t be uncovered before the visit of the leaders of the parties "League" and "Five stars" to the president. However, according to sources of the agency Bloomberg, a law professor from the University of Florence Giuseppe Conte will become the prime minister.
Meanwhile, Greece and its creditors eventually came to a preliminary agreement on the group of reforms required to complete the 8-year program of financial assistance to Greece.
The common currency dived to $1.1735 against the evergreen buck compared to $1.1772 at the close of the previous trading session.
On Monday, the US currency declined to a two-week minimum versus the Japanese yen because a latest flare-up in global trade worries affected investor risk appetites and suppressed American yields…
On Friday, the common currency was still high because the evergreen buck declined and trade worries didn’t recede…
On Friday, the evergreen buck drifted away from a 11-month maximum against the group of its key rivals due to the fact that market participants recorded gains after the greenback’s leap…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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