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Risk positive with a US dollar negative bias as traders look ahead
The ECB meeting caused the volatility for the euro yesterday, but the continued constructive rhetoric on the trade dispute maintains a positive bias to risk appetite. In recent days there have been concessions from both sides, and now a suggestion that President Trump would be willing to accept an interim agreement with China ahead of a much more comprehensive deal in due course. The cycle of this trade dispute still has a few weeks until an early October meeting between the two sets of trade negotiators. There is a sense that positive rhetoric could sustain the improvement on market sentiment during that time. This ... (full story)