The U.S. bucked weakness in other world stock markets and the dollar rebounded o...
NEW YORK - The U.S. bucked weakness in other world stock markets and the dollar rebounded on Wednesday after President Donald Trump said a trade deal with China could happen sooner than expected.
Trump made the remarks to reporters a day after delivering a stinging rebuke to China’s trade practices at the United Nations General Assembly, saying he would not accept a “bad deal” in U.S.-China trade negotiations.“As long as the economy remains firm, we don’t think the drama out of Washington will impact the staying power of this bull market,” said Ryan Detrick, senior market strategist at LPL Financial.
A summary of a July phone call showed that Trump had asked Ukrainian President Volodymyr Zelenskiy to investigate his political rival, former vice president Joe Biden, and a company that employed Biden’s son. The dollar index rose 0.63%, with the euro down 0.59% to $1.0953. The Japanese yen weakened 0.63% versus the greenback at 107.76 per dollar.
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