Dollar extends gains on Trump remarks

Economies.com
2019-04-24 17:25PM UTC

The US dollar rose against most of the major currencies on today's trading, as its gains got boosted following comments from the US President Donald Trump on trade negotiations with China.

 

Trump said that talks with China are going very well, noting that the US economy is in great shape and that the performance of negotiations with Beijing is doing well.

 

A new round of trade talks between Washington and Beijing will start in the Chinese capital on April 30, followed by another round in the US capital.

 

Additionally, the US Treasury Secretary Steven Mnuchin has emphasized earlier that the United States and China are already close to reaching a final trade deal.

 

In terms of trading, by 17:14GMT, the dollar index (against a number of major currencies) rose by 0.4% to 98 points, with a high of 98 points and a low of 97.5 points.

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