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Euro rebounds from 13-1/2 month lows, dollar eases on U.S.-China trade talks 6:46am EDT [Reuters]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Reuters
Last bank of new york mellon earnings: 10/18 06:30 am Check Earnings Report
PDF Euro rebounds from 13-1/2 month lows, dollar eases on U.S.-China trade talks | Reuters 4 Min Read LONDON (Reuters) - The euro recovered on Thursday from its weakest since late June 2017 and the dollar fell after news that a Chinese delegation will travel to the United States for trade talks, with investors buying back into currencies hit hard in the recent sell-off. Many emerging market currencies also rose, clawing back some of Wednesday’s losses thanks to easing fears over the knock-on effects from a slide in the Turkish lira. Global equity markets were mixed, however, underlining how nervous investors remain. “That China and the U.S. are beginning to talk again is supporting the market,” said Commerzbank currencies strategist Thu Lan Nguyen. “As the (Turkish) lira did not depreciate further, that has taken out some tension from the market.” She also emphasized that the currency crisis in Turkey is far from over because authorities have yet to tackle the root causes. More important [Read more]

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