The dollar softened on Friday, drifting from multi-week highs against most major...
It fell against the trade-sensitive Australian and New Zealand dollars, which gently rallied on hopes that next month’s U.S.-China trade talks will bring progress. Moves were slight, though and neither strayed far from two-week troughs against the greenback.
“I think what some traders are responding to is the lack of news. It’s becoming apparent that if a deal is to be done here, it’s going to be done behind closed doors. It won’t be done over Twitter or in the headlines. We’re looking to next week.” The pound edged higher to $1.2330, having hit a two-week low on Thursday after the European Union’s Brexit negotiator said Britain had yet to provide “legal and operational” proposals for an agreement on exiting the bloc.A whistleblower report released on Thursday said Trump not only abused his office in attempting to solicit Ukraine’s interference in the 2020 U.S. election, but the White House tried to “lock down” evidence about it.“The positive U.S.
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