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US dollar rebounds as traders await news on trade dispute
It is interesting to see that as markets wait for some potentially key development in the US/China trade dispute resolution, there are a number of near to medium term crossroads reached on charts. The US dollar performed very well in 2018 as the trade dispute between the world’s two economic superpowers deteriorated. So any suggestion that this damage can be repaired could be a source of dollar correction. This comes as EUR/USD has rallied towards resistance around $1.1500. Could positive trade talks drive the pair through the crossroads? This also comes with the impact on risk appetite. The oil price has also ... (full story)
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