Dollar slips, investors eye U.S.-China deal, Fed minutes

17.08.2020 - Davydova Maria
Dollar slips, investors eye U.S.-China deal, Fed minutes

The dollar slid, while commodity currencies rose on Monday as investors were relieved by the delayed U.S.-China trade deal review, leaving the current deal intact.

The dollar index stood at 92.987, trading in a range after falling to a two-year low in July.

The risk currency Australian dollar rose to a one-week high of $0.7196. Against the greenback, the Canadian dollar climbed 0.1% to C$1.3253.

China and the United States postponed the review of their Phase 1 trade deal due to scheduling conflicts, sources say. Investors are also waiting for the Fed’s minutes from last month’s meeting to get hints about possible changes in policy outlook.

The 10-year U.S. debt benchmark climbed nearly 15 basis points last week, its sharpest in two months. U.S. 10-year yields slid to 0.70.12% on Monday, while the Japanese yen firmed at $106.51.

The euro was up 0.1% to 1.1857 on the dollar, while the pound climbed to $1.3096. The New Zealand dollar slipped 0.1% to $0.6531.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?