Hopes on U.S.-China trade talks lift dollar, pound slides 4:33pm EST [Reuters]
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Source: Reuters
Hopes on U.S.-China trade talks lift dollar, pound slides | Reuters 3 Min Read NEW YORK (Reuters) - The dollar hit a one-month peak against a basket of currencies on Tuesday, as China and the United States discussed plans for talks to avert a trade war between the world’s two biggest economies. The British pound fell to 20-month lows following reports that colleagues of Prime Minister Theresa May said they had enough numbers to mount a no-confidence vote in her leadership, stoking anxiety about a chaotic British exit from the European Union. “The prospects for U.S. and China have brightened. That’s a relief for the dollar,” said Peter Ng, senior foreign currency trader at Silicon Valley Bank in Santa Clara, California. White House officials and China’s commerce ministry said Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke on a telephone call on Tuesday, but offered no details what they discussed. Still the call
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