The dollar posted modest gains on Wednesday, as traders looked ahead to a possib...
The Australian dollarfell 0.2% to $0.6774. Trade is slowing ahead of the Thanksgiving holiday on Thursday in the U.S.
“The equity market still seems to want to push on and believe optimistically that a trade deal is going to be done, but I think the FX market and the bond market have given up playing that game.” But he also underscored Washington’s support for protesters in Hong Kong, a potential sore point with China.
If both sides cannot reach an agreement soon, the next important date to watch is Dec. 15, when Washington is scheduled to impose even more tariffs on Chinese goods.Profits at China’s industrial firms shrank at their fastest pace in eight months in October, official data showed on Wednesday, underscoring slowing momentum in the world’s second-largest economy.was steady, since the weakness also strengthens the case for deeper monetary easing. It last traded at 7.0291 per greenback.
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