FX Markets moved very yesterday, while giving up the dollar for the weekly gains in a round of heavy re -modification. There was a mixture of operators to correct the dollar: US President Donald Trump opened the possibility of a commercial deal for the United States of China, and the US data was softer than what was expected, and American stocks were weak again after being frustrated in Wal -Mart, and the US curve flattened the back of Treasury Secretary Scott Pesinte’s recent comments, FX analysts from FX.
The market focus to return to the tariff story
“The first of these factors-the hopes for canceling the United States of China-theoretically the most important for FX, but in practice Trump’s comments on trade are more careful now. BESSENT will hold the first call with Chinese officials today. Live communication has performed With commercial partners so far to some constructive comments by the new American administration, so we can easily see some positive titles on the topic today.
“Yesterday’s move in the dollar was more functional to tension in local feelings in the United States. The disappointing profit report at Wall Mart guarantees a quieter tone on consumer spending, even before the effect of the tariff was taken into account. Optimism was in late 2014 a luster.
“The dollar may play a little more aspiration than the rates at this stage; after all, the foreign currency market has been granted more freedom to get rid of traditional links as Trump presented new layers of uncertainty. The reaction to the data is not high, and we admit that The path of re -identification of the dollar can be rugged in the end.