The dollar has hit a near two weak high on the back of positive economic data and a bounce in treasury yields. Housing data and a weekly jobless claims report pointed to a strong economy.
The US has decided to put Chinese tech company Huawei on its international watch list, due to concerns over the security of its products. This has been seen by some as a negotiation tactic of the trade talks, with the US attempting to force China to make concessions.
China has said that it disapproves President Trump’s recent approach, and has said that unless sincerity is shown, it won’t be worth the US travelling to China for more talks.
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