Market sentiment remained supported yesterday, but Asian markets suggest that investors took a somewhat more cautious stance today, as the US-China talks entered a high-level phase. Yesterday, a report noted that President Trump is considering pushing back the March 1st deadline by 60 days, which suggests that the talks are progressing in the desired direction. In the UK, the Parliament will debate on a motion to approve May’s request for more time to renegotiate with the EU, with a chance of another round of voting on proposed amendments.
Investors Lock Gaze on US-China High-level Talks
After taking a breather on Tuesday, the dollar rebounded yesterday, outperforming all its G10 peers. The main loser was EUR, with JPY and NOK taking the second and third place respectively. The currencies that underperformed the least were SEK and AUD in that order.
The dollar rebounded after a Tuesday’s setback, perhaps aided by the slightly better-than-expected US inflation data. Headline inflation slowed to +1.6% yoy in January from +1.9%, in line with...
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