Major currencies were off to a cautious start on Monday as market players looked...
TOKYO - Major currencies were off to a cautious start on Monday as market players looked to whether Washington and Beijing can soon sign off on a deal to end their trade war that has been a drag on the global economic growth.
The currency faces a resistance around 109.00, where it has its 200-day moving average. A break-through there could open the way for a retest of its five-month high around 109.50 touched earlier this month., bouncing back from one-month low of $1.0989 set on Thursday.“Currencies will be driven by headlines related to the U.S.-China trade issues. Markets are expecting some sort of answer to that soon,” said Yukio Ishizuki, senior strategist at Daiwa Securities.
Data from the U.S. Federal Reserve on Friday showed the U.S. manufacturing downturn deepened in October, with output at factories tumbling 0.6%, the most since May 2018, after dropping 0.5% in September.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Asia stocks set to trade higher as investors watch for US-China trade updatesStocks in Asia were set to trade higher at the open on Monday as investors look for further developments on U.S.-China trade.
Consulte Mais informação »
China, U.S. had 'constructive' phone call on trade: XinhuaChina and United States had 'constructive talks' on trade in a high-le...
Consulte Mais informação »
China and US had 'constructive discussions' about phase-one trade deal, state media reportsThe two sides had 'constructive discussions' about 'each other's core concerns' and agreed to remain in close contact, Xinhua reported.
Consulte Mais informação »
We expect a big expansion in trade from China: Dubai Airports CEO'We're still seeing very positive growth on the Chinese routes' despite China's economic slowdown, Griffiths told CNBC at the Dubai Airshow.
Consulte Mais informação »
While you weren't looking the trade war with China went completely off the railsTrump's year and a half long trade war with China has hurt the US economy but America is ending up right back where we started.
Consulte Mais informação »
Trump hails 'cash' to farmers from US aid package in China trade war - Business InsiderThe Department of Agriculture said on Friday it will begin making a second round of 2019 trade aid payments to US farmers next week.
Consulte Mais informação »