The dollar is looking mixed this morning due to developments in US-China trade talks. Over the weekend, there were reports that the US were going to restrict investment in Chinese companies. This stood in contrast with President Trump’s recent ‘goodwill’ gesture, in which some tariffs are suspended for the Chinese Communist Party’s 70th anniversary take over this week. However, the reports were eventually denied by the Treasury.
There’s a busy week of data releases ahead, with manufacturing figures tomorrow and Non-Farm Payrolls on Friday. Speeches from Federal Reserve officials will also take place throughout the week. The combination of both data and the speeches my give us an idea of the Fed’s plan for possible future rate cuts.
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