US Dollar Trading Stronger Over Rising Optimism on US-China Trade Negotiations - Forex News by Strategia Forex
US dollar index DXY

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

Posted Monday, September 30, 2019 by
Arslan Butt • 1 min read

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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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