Currencies: Dollar on track to post first weekly gain since mid-December [MarketWatch]
News Corporation - Class B (NWS)
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Source: MarketWatch
Dollar on track to post first weekly gain since mid-December The U.S. dollar strengthened across the board as investors remained optimistic about U.S.-China trade talks, putting the greenback on track to finish the week in the green for the first time since mid-December. The ICE U.S. Dollar Index DXY, +0.31% which measures the greenback against six rivals, rose 0.3% to 96.330, putting it on track for a 0.7% gain on the week — its first positive weekly performance since the Dec. 14, according to FactSet. China offered a path to eliminate its trade imbalance with the U.S. by ramping up imports over the next six years to reach more than $1 trillion annually, according to Bloomberg . This followed a report by The Wall Street Journal from late Thursday that Treasury Secretary Steven Mnuchin suggested to ease tariffs on China to support markets. Though denied by a Treasury spokesman, the report has helped drive investors into assets perceived as risk and away from so-called havens. U.S.
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