Dollar holds awaiting signals on trade, Fed policy May 20 2019 [Reuters]
Westpac Banking Corporation (WBK)
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westpac.com.au/about-westpac/investor-centre
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Source: Reuters
Dollar holds awaiting signals on trade, Fed policy - Reuters 3 Min Read NEW YORK (Reuters) - The U.S. dollar was roughly unchanged Monday as investors held off on making big moves while awaiting developments in U.S-China trade negotiations and insight into the Federal Reserve’s thinking on interest-rate policy. The dollar was 0.07% weaker against the euro, last at $1.116, but maintained gains made last week. It ignored trade bickering which saw China on Monday accuse the United States of harboring “extravagant expectations” for a trade deal, underlining the gulf between the two sides as U.S. action against Chinese technology giant Huawei began hitting the global tech sector. “There is no clean single headline that you can point to that summarizes the day’s price action,” said Richard Franulovich, head of foreign exchange strategy at Westpac Banking Corp. Although the dollar was weaker against the euro, the Japanese yen and the Swiss franc, “These aren’t big moves. You really have to s
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