Dollar Resurgence Amid Trade Thaw Hints
- Specific United States imports received tariff exemptions from China by Friday.
- This action followed President Trump's suggestion about possibly easing the ongoing tariff exchanges.
- However, Beijing publicly denied that any direct trade talks had commenced between the nations.
- Amid these mixed signals, the dollar gained about 0.2% Friday, marking its initial weekly rise since March.
- The exemptions raised hopes that the trade conflict between the two largest economies might be ending.
17 Articles
17 Articles
Dollar Resurgence Amid Trade Thaw Hints
The dollar regained ground with a weekly gain as the U.S. dollar rose amid easing tensions in the U.S.-China trade war. Exemptions by China on U.S. imports sparked hopes for de-escalation. President Trump's varied statements impacted currency flows, while talks continue between the U.S., Japan, and South Korea.
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Stocks in China and Hong Kong rose slightly on Friday, marking a second consecutive week of gains, as both the United States and China softened their stances on a full-scale trade war, bringing relief to investors.
Stocks Rise With Tech-Related Shares, Notch Weekly Gains; Dollar Up
NEW YORK (Reuters) – Most stock indexes climbed on Friday, with Wall Street buoyed by technology-related shares, while the dollar had its first weekly rise in over a month as investors searched for signs that the U.S.-China trade war may be easing. Shares of Google parent Alphabet rose 1.7% after it beat profit expectations and reaffirmed AI spending targets, while the S&P 500 technology, consumer discretionary and communication services sectors…
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