The dollar is up against the pound today, benefitting from sterling’s weakness. However, it was weak against the euro. A series of data for the US will be released today, including inflation rate and business optimism figures. Inflation rate is expected to come in at 2.3% annually.
According to a published report, the US and China have agreed to resume talks on economic and trade issues. These talks would be separate to discussions about a phase two trade deal and would take place on a bi-annual basis.
The US and China are due to sign their phase one deal tomorrow, which is likely to improve market sentiment.
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