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[size=36]Major currencies await details of the US-China trade agreement[/size]
Economy | 01:03 - 16/12/2019
Follow-up - Mawazine News
Trade-affected currencies such as the Australian and New Zealand dollars fell on Monday as the relief that followed the U.S.-China trade deal receded amid frustration over the lack of agreement details and reluctance to place large bets as Christmas approaches.
Sterling continued to outperform other currencies in the aftermath of the overwhelming victory of the Conservative Party, Prime Minister Boris Johnson in the elections, while the euro rose ahead of important data for corporate activities.
The trade war between Washington and Beijing calmed down last week with a cut in US fees in exchange for what US officials described as a big jump in Chinese purchases of US agricultural products and other goods.
The Australian dollar recorded $ 0.6874, down from the highest level in four months of $ 0.6939.
The New Zealand dollar fell 0.5 percent to $ 0.6596 after it rose to $ 0.6939 at some point on Friday, the highest level in four months.
The euro increased slightly to $ 1.1133 as European interest shifted to the primary data for corporate activities in the single currency area.
The dollar rose slightly to 109.45 yen, although the dollar index, which measures the performance of the US currency against a basket of currencies, fell about 0.2 percent to 97.00.
Markets are awaiting the accurate details of the trade agreement that has not yet been signed.
The sterling rose again to the peak levels recorded on Friday against the dollar and the euro, amid expectations that the Conservative party's victory in the elections would end the state of uncertainty about the withdrawal from the European Union in the short term.
In its latest dealings, sterling recorded 1.3380 dollars, up 0.4 percent. It ended 29 / p
The trade war between Washington and Beijing calmed down last week with a cut in US fees in exchange for what US officials described as a big jump in Chinese purchases of US agricultural products and other goods.
The Australian dollar recorded $ 0.6874, down from the highest level in four months of $ 0.6939.
The New Zealand dollar fell 0.5 percent to $ 0.6596 after it rose to $ 0.6939 at some point on Friday, the highest level in four months.
The euro increased slightly to $ 1.1133 as European interest shifted to the primary data for corporate activities in the single currency area.
The dollar rose slightly to 109.45 yen, although the dollar index, which measures the performance of the US currency against a basket of currencies, fell about 0.2 percent to 97.00.
Markets are awaiting the accurate details of the trade agreement that has not yet been signed.
The sterling rose again to the peak levels recorded on Friday against the dollar and the euro, amid expectations that the Conservative party's victory in the elections would end the state of uncertainty about the withdrawal from the European Union in the short term.
In its latest dealings, sterling recorded 1.3380 dollars, up 0.4 percent. It ended 29 / p
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