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US Dollar Finishes Well, Momentum to Carry into Next Week
The US dollar's rally before the weekend ensured a positive week. It gained against all the major currencies, but the yen, the Swedish korona, and New Zealand dollar. Its losses against those currencies were minor, less than 0.15%. The rally was spurred by the divergence between the flash PMIs and signals from the Trump Administration of two possible concessions to China. The 15% tariffs on roughly $160 bln of China's exports to the US (threatened for December 15) could be suspended as October's were while talks are proceeding even if no deal is struck by then. In addition, the bills that passed nearly unanimously by ... (full story)