The USD climbed in Asia today following President Trump’s announced plans to impose tariffs on the imports of metals from Argentina and Brazil.
Following the release of strong economic data, the USD managed to stay little changed in early Asian trading today.
Every year, full from their hearty Thanksgiving feasts, millions of US shoppers gravitate to stores across the country on the Friday after the famed US holiday, in hopes of bagging a bargain or nailing their Christmas shopping.
US equities rallied to record highs overnight on Wall Street amid optimism over a US-China “phase one” deal while the USD strengthened.
Every year, full from their hearty Thanksgiving feasts, millions of US shoppers gravitate to stores across the country on the Friday after the famed US holiday, in hopes of bagging a bargain or nailing their Christmas shopping.
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Equity markets in Asia and Europe are all in the red however US futures point to a mixed open.
Wednesday began with a bout of USD strength although it’s hard to pinpoint why. Maybe the continued nervousness over a US / China trade deal has traders favouring the USD (except against JPY).
Ranges have been tight, EURUSD stuck between 1.1162 and 1.1182. GBP had a move lower during European hours falling back below 1.2950 to a low of 1.2927 but even that was short-lived as we headed back to 1.2950 by the European close.
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