The US dollar strengthened versus the Chinese yuan as the trade deal between the United States and China met unexpected obstacles.
Tag - usd
The United States will release the level of retail sales and core retail sales on May 15, at 15:30 MT time.
Trade on the news
GBP/USD formed a lower high just above 1.30 (psychological level, 50-week MA).
Chinese authorities plan to apply tariffs on $60 billion of US goods.
On Monday, the evergreen buck reached a four-month maximum versus the Chinese yuan, although it was lower against the Japanese yen as well as Swiss franc due to the fact that the escalating trade conflict between China and America backed bids for…
What key releases will move the markets this week?
The trade tensions between the US and China weakened the offshore yuan.
Hottest events for this week!
On Friday, the evergreen buck was generally steady versus the safe-haven Japanese currency, taking in stride the lift in American levies on China’s goods, which came into effect and waiting for the resumption of negotiations between top statesmen of the…
This week NZD/USD tested the lowest levels since October in the area of 0.6525 after the Reserve Bank of New Zealand reduced its interest rate to 1.5%.
The day promises to be quite interesting for USD/CAD. The market awaits the news about the trade talks between the United States and China.