USD: Dollar slips as markets seek clarity on trade talks

The dollar slipped slightly yesterday as the markets awaited more US-China trade news and clarity on the progress of negotiations.

Hopes of an impending ‘phase one’ deal increased as China are reportedly pushing for the proposed December tariffs to be removed. They’re also wanting to eliminate the existing tariffs that were added in September.

However, the outcome of this is not yet clear. President Trump and President Xi Jinping also need to decide on a date and location for the signing of the preliminary deal. It’s expected that this will take place before December 15th, when the new wave of tariffs are due to kick in.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

Get a quote or
Thank you call handler
Speak to an expert 020 7898 0541

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

Make a referral
Share to...
BlueskyBufferCopyFlipboardLinkedInMastodonMessengerMixPinterestPocketPrintRedditSMSTelegramThreadsTumblrWhatsApp