Forex - U.S. Dollar Flat as Trade Talks Prolonged - Investing.com

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Forex - U.S. Dollar Flat as Trade Talks Prolonged - Investing.com

Forex - U.S. Dollar Flat as Trade Talks Prolonged - Investing.com

Posted: 26 Nov 2019 07:41 AM PST

© Reuters. © Reuters.

Investing.com - The U.S. dollar remained tepid on Tuesday with traders reluctant to make moves as U.S.-China trade talks dragged on.

The Chinese Ministry of Commerce said in a statement that the two countries had "reached consensus on properly resolving relevant issues" during a phone call Tuesday morning Beijing time, but did not provide any further details. The call was later confirmed by U.S. officials. But they also said that obstacles still remain.

Data from the Commerce Department showed that the goods trade deficit fell sharply in October due to reduced trade flows from the White House's toughened stance on trade with China.

The , which measures the greenback's strength against a basket of six major currencies, was steady at 98.230 as of 10:40 AM ET (15:40 GMT). The dollar was higher against the safe-haven Japanese yen, with gaining 0.1% to 109.00.

Meanwhile, the pound slipped over worry that the Conservative Party's lead in the December election is narrowing. A poll released on Tuesday showed that the Conservatives are at 43%, while Labour is at 32%. The Dec. 12 election is expected to be close, as Brexit looms as the main issue facing voters.

fell 0.3% to 1.2860 while was flat at 1.1014.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Forex - U.S. Dollar Inches Up Amid Mild Trade Optimism - Investing.com

Posted: 26 Nov 2019 10:07 PM PST

© Reuters. © Reuters.

Investing.com - The U.S. dollar inched up on Wednesday in Asia after President Donald Trump said Washington and Beijing are in the "final throes of a very important deal," giving hopes that the two sides could soon sign a deal to put a hold on their 16-month trade spat.

However, Trump also reiterated Washington's support for protesters in Hong Kong, a potential huge sore point with China.

"I'm holding it up because it's got to be a good deal," he said in an interview with Fox News. "We can't make a deal that's like, even. We have to make a deal where we do much better, because we have to catch up."

The Chinese Ministry of Commerce said on Tuesday that the two countries had phone calls this week and had "reached consensus on properly resolving relevant issues", but did not provide any further details.

The call was later confirmed by U.S. officials. But they also said that obstacles still remain.

The inched up 0.1% to 98.270 by 12:40 AM ET (04:40 GMT).

On the data front, U.S. fell for a fourth straight month in November despite expectations of a small rebound.

U.S. consumer spending data is due later in the day, along with GDP, jobless claims and durable goods.

The U.S. equity and bond markets will be shut on Thursday for the Thanksgiving holiday.

The pair slipped 0.1% to 1.1008. Euro area inflation for October is due on Friday.

Meanwhile, the pair also inched down 0.1% to 1.2851.

The pair climbed 0.1% to 109.14. The AUD/USD pair fell 0.2% to 0.6770.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Forex Today: Investors waiting for definitions - FXStreet

Posted: 26 Nov 2019 12:49 PM PST

Here is what you need to know Wednesday, November 27th:

  • Major pairs remained within familiar levels this Tuesday, with the greenback easing just modestly during US trading hours amid worse-than-anticipated US CB Consumer Confidence, down to 125.5 in November. The EUR/USD pair remained lifeless between 1.1000 and 1.1030.
  • The Sterling pound lost some ground amid more polls showing that Conservatives advantage over Labour continues shrinking. Nevertheless, Tories remain 10 points ahead.
  • US President Trump said that the US is in the "final throes" on reaching a trade deal with China, although the market's reaction to the headline was quite limited, as loads are being said but little done.
  • RBA's Governor Philip Lowe said that QE is not in the central bank's agenda, adding that the toll could help, but that he doesn't expect to get there. He also stated that QE would only be considered should the cash rate reach 0.25%. His comments lifted the Aussie just temporarily, AUD/USD unable to break through 0.6800.
  • The USD/JPY pair hit 109.20, holding on to gains at the end of the day, despite a mixed performance from worldwide equities, and weaker US Treasury yields.
  • Gold recovered after flirting with 1,450, ending the day some $12.00 above its daily low.
  • The Petroleum Exporting Countries (OPEC) unanimously support an extension to the agreement on the reduction of oil output after March 2020 and continue to discuss whether a three or a six-month extension is needed. Crude oil prices bounced with the news, ending the day with modest gains.
  • Cryptocurrencies consolidate around Monday's closing levels, were also lifeless. 

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