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Equities Recover, Safe Havens Slide on Softer US-China Remarks

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In a relatively quiet day in terms of economic releases, investors kept their gaze locked on developments surrounding the US-China saga yesterday. Following Friday’s risk-off trading due to the announcement of fresh tariffs between China and the US, risk appetite recovered on Monday, after US President Trump said that China offered to return to the negotiating table.

Risk Appetite Rebounds as Trump says China Wants a Deal

The dollar traded higher against most of the other G10 currencies on Monday and during the Asian morning Tuesday. It gained versus SEK, GBP, EUR, JPY, NOK and CHF in that order, while it underperformed only against AUD and CAD. The greenback traded virtually unchanged against NZD.

In a relatively quiet day in terms of economic releases, investors kept their gaze locked on developments surrounding the US-China saga. Remember that on Friday, equities sold off and...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/equities-recover-safe-havens-slide-on-softer-us-china-remarks-20190827
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