The dollar strengthened yesterday on positive rhetoric surrounding the US-China trade war. U.S. Commerce Secretary Wilbur Ross said that U.S.-based companies would be issued with licenses to sell to Chinese tech giant Huawei “very shortly,” adding that the government had received some 260 requests from U.S. suppliers for exemptions from the existing restrictions on selling to the company. This has boosted hopes of a preliminary trade deal.
Today, we will see Balance of Trade figures and Non-Manufacturing PMI figures for the US.
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