The dollar hovered near a 23 month high against most major currencies yesterday, despite mixed economic data from the US.
Today, US negotiators head to China to try to agree on a trade deal between the two countries. After months of ongoing talks, both sides have cited progress on issues including intellectual property and forced technology transfer. However, despite progress, issues such as these are still on the table, according to the White House.
Agreeing on a deal and enforcing it is just the first hurdle, however. Once they’ve done this, both sides will have to ensure that the deal holds up, and does not collapse under geopolitical tensions. It seems that this final round of talks could be crucial in securing a deal and shaping the future of US-China relations.
The Federal Reserve’s monetary policy meeting starts today, with a rate announcement expected tomorrow evening.
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