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Investors Expect a Big Monday for Currencies and Stocks
Early action in the currency market on Monday pointed to an optimistic response from investors following an agreement between the leaders of the U.S. and China to keep a trade war from escalating. • The offshore Chinese yuan strengthened and commodity-related currencies including the Australian and Canadian dollars gained. Havens such as the Japanese yen slipped and the greenback was lower against most of its large developed-market counterparts. • U.S. President Donald Trump and Chinese President Xi Jinping promised to halt any new tariffs for 90 days as the countries continue negotiations. The U.S. had been ... (full story)
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