Optimism that the United States and China may soon end their trade war after Whi...
- Optimism that the United States and China may soon end their trade war after White House economic advisor Larry Kudlow said a deal was “getting close” lifted trade-exposed currencies on Friday at the expense of safe-haven assets such as the yen.
FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration“To be blunt, such rhetoric is more or less the same as Steven Mnuchin said months ago that a deal was “99% done”,” Commerzbank analysts wrote in a note to clients, though they acknowledged the comments had benefited sentiment.
They said the comments could not be taken seriously until the trade documents could be assessed and a deal was signed.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil gains as hopes build for OPEC supply curbs; new optimism on U.S.-China trade dealOil prices rose on Friday as OPEC's outlook for oil demand next year fueled...
Read more »
Asian shares rise as Kudlow comments lift trade hopesAsian stocks jumped on Friday, propelled by a record S&P 500 finish and White Ho...
Read more »
Dollar buoyed by caution as trade deal optimism wanesThe dollar found broad support on Friday as fresh signs of a global economic slo...
Read more »
European shares poised for sixth weekly gain, aided by trade optimismEuropean shares were on course for a sixth straight weekly gain on Friday, follo...
Read more »
Dow, S&P 500 notch record closes even as U.S.-China trade concerns dampen gainsU.S. stocks largely closed in positive territory Wednesday, though off session highs, after the Wall Street Journal reported that U.S.-China trade talks have...
Read more »