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US dollar rally unwinds amid further signs of hope for China trade agreement
There has been a shift to a far more positive risk appetite in the first few sessions this week. The driving force has come from two “maybe” factors out of the US which have collectively given sentiment a real boost. Firstly the prospect of a tentative agreement between the Democrats and Republicans over Government funding. Whilst President Trump does not appear to be entirely happy with the details (especially over funding for his wall), if he agrees to this, it will mean that the US will avoid another costly Government shutdown. However, what has really boosted markets overnight has been further signs of ... (full story)