The US dollar is showing weakness during early Thursday trading, as reports emerged hinting at the possibility of a partial trade deal between the US and China, including a currency pact between the two powers, as well as the suspension of US trade tariffs over imports from China, which are due to kick in next week.
It has been a roller coaster ride for market sentiment, as the tone of the trade discussions keeps changing and investors are constantly facing contradictory messages. This latest chapter appears to be casting a more positive light over the negotiations, resulting in losses for the greenback as the safe haven trade, that saw it strengthening yesterday, reverses, driving the dollar index down to around 98.5.
Photo by Priscilla Du Preez.
