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OANDA Market Beat: December 3, 2018
Dollar Looking for Economic Guidance Ahead of Busy Week**
The US dollar is mixed against most major pairs on Monday after the G20 meeting in Argentina.
Presidents Donald Trump and Xi Jinping reached a ceasefire in the trade dispute between their two nations. The US will no longer add any sanctions to Chinese goods in the next 90 days.
Markets were boosted by the news and equities advanced as growth estimates have been lowered if a trade war were to continue between the two economies.
The greenback fell across the board on Wednesday after the market took the comments from Fed Chair Powell on interest rates to mean less rate hikes from the central bank.
The minutes form the November Federal Open Market Committee (FOMC) showed all members are onboard with more rates hikes coming "very soon" but the dovish narrative was in full force and the dollar only partially recovered to end up slightly higher against major pairs on a weekly basis.
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By OANDADollar Looking for Economic Guidance Ahead of Busy Week**
The US dollar is mixed against most major pairs on Monday after the G20 meeting in Argentina.
Presidents Donald Trump and Xi Jinping reached a ceasefire in the trade dispute between their two nations. The US will no longer add any sanctions to Chinese goods in the next 90 days.
Markets were boosted by the news and equities advanced as growth estimates have been lowered if a trade war were to continue between the two economies.
The greenback fell across the board on Wednesday after the market took the comments from Fed Chair Powell on interest rates to mean less rate hikes from the central bank.
The minutes form the November Federal Open Market Committee (FOMC) showed all members are onboard with more rates hikes coming "very soon" but the dovish narrative was in full force and the dollar only partially recovered to end up slightly higher against major pairs on a weekly basis.