US Dollar Trading Stronger Over Rising Optimism on US-China Trade Negotiations

The US dollar is enjoying some support and trading strong against its major peers from the optimism surrounding the US-China trade war.

US dollar index DXY

The US dollar is enjoying some support and trading strong against its major peers from the optimism surrounding the US-China trade war. At the time of writing, the US dollar index DXY is trading at around 99.14.

However, the gains remain capped as trade tensions continue to dominate headlines. Despite positive developments, there are reports that the US is considering delisting Chinese companies from American stock exchanges, which could further worsen tensions between the two countries. On Sunday, however, there were some reassurances from the US Treasury Department that this will not happen anytime soon.

This week is a busy one from a fundamentals point of view with several important economic data scheduled to come out. However, trade war headlines could be fewer in number over a week-long holiday starting on Tuesday in celebration of the 70th anniversary of People’s Republic of China.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers