The dollar weakened slightly yesterday as US-China trade talks came into focus. Chinese officials have invited US trade negotiators to Beijing for another round of face-to-face talks in Beijing as part of continued efforts to strike a phase one deal. This comes after both sides have hardened their rhetoric in recent days.
A series of data will be released for the US today, including manufacturing PMI, services PMI and consumer sentiment figures. Yesterday, existing home sales rose 1.9% month on month, beating expectations of a 1.4% increase.
The impeachment enquiry into President Trump’s dealings with Ukraine continues. The Ukrainian President has said that the country is “tired” of the enquiry and that there was no blackmail involved.
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.
