Dollar rebound loses steam with trade in focus

Dollar rebound loses steam with trade in focus

SINGAPORE: The dollar took a breather on Thursday, following a sharp bounce after US President Donald Trump backed away from threats to fire Federal Reserve Chair Jerome Powell and his administration opened the door to a softer stance on China tariffs. © New Straits Times Press (M) Bhd

Here’s what stopped Trump in his quest to oust Fed chair Jerome Powell

The Trump administration has also signaled its trade war with China may be letting up soon

What Happens When You Abuse People – The Future of Freedom Foundation

It appears that President Trump may have developed a case of the blinkies. After indicating a desire to terminate Federal Reserve Chairman Jerome Powell, Trump announced yesterday that he has no intent of doing so after all. Moreover, in the vicious trade war that Trump launched against China several weeks ago, it seems that he is the first to blink there as well. Yesterday, he unilaterally announced that his high tariffs against China will “com…

Capital Move & Flight To High quality?

QUESTION: A current evaluation by Allianz economists claimed that, ordinarily, when yields on Treasuries rise, the U.S. greenback strengthens as overseas capital pursues these larger yields. Nevertheless, the greenback weakened as yields rose. They mentioned that on this occasion, it “suggests main holders weren’t solely promoting Treasuries but in addition changing the proceeds into currencies – probably reallocating to European markets.” This …

The US dollar lost both against the euro and the Swiss franc on Thursday. However, the "greenback" price has stabilised in the course of trade.

Dollar Rebound Stalls as US-China Trade Talks Hit a Wall - Action Forex

The forex markets remain subdued today, with all major pairs and crosses trading inside yesterday’s range. After a brief bounce, Dollar’s recovery appears to be losing momentum. While it’s too soon to confirm whether the rebound has fully run its course, fading trade optimism is clearly starting to weigh on sentiment, especially as the broader […] The post Dollar Rebound Stalls as US-China Trade Talks Hit a Wall appeared first on Action Forex.