The pound’s drop after its initial no-deal rally has caused the dollar to pull ahead from a nine day low.
The greenback had initially weakened after the pound rallied, following the decision of Parliament to reject a no-deal Brexit. However, this strength for the pound was short lived, and its recoil caused the dollar to get ahead.
Back to the US-China trade deal, and Trump has attempted to mitigate concerns that he may walk away from a deal, as he did with Kim-Jong-un in Vietnam. He offered to push back a Summit with the Chinese leader until a deal is reached.
Trump’s comments represent a shift from February, when he raised the prospect of a “signing summit” with Xi. Chinese officials have growing increasingly wary of putting Xi in a position where he might be embarrassed by an unpredictable Trump or forced into last-minute concessions.
While appearing to address Chinese concerns, Trump also warned that he’ll reject a deal he doesn’t like. So despite a slight change in tone, it seems that his stance remains unchanged.
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