Little dollar changes, NDT decreases when America prepares to meet China
The little dollar changed on Friday, when the NDT fell after recording the strongest rising date since May 1/2017 in overseas on Thursday following the information on the reconnection of negotiations with the United States at the end of August 8.
USD index, the dollar strength measurement versus the currency basket, is reduced by 0.1% and 96.47 at 1:30AM ET (0530GMT). The index has reached its highest level since 6/2017, 96,984 on Wednesday when the market is concerned with China's economic health situation and the Lira to dollar crisis increases the demand for dollars as assets are less risky.
Meanwhile, the restoration of the domestic NDT was faint after the latest trade information helped the coin withdraw from 19 months in 6.9340 versus the dollar and midweek. The USD/CNY rate holds at 6.8884, up 0.7%.
The information that China and the United States will re-connect negotiations at the end of the month has made a more stable market psychology, even when Larry Kudlow, Trump's leading economic advisor, warns that America's decision to achieve a good deal.
OCBC Bank said: "With the higher price expectation over the past few days and market psychology has been better with the reconnection of U.S.-central negotiations, the market will be cautious in pushing USD/CNY rates up in the short term".
USD/TRY rate increased by 0.06% to 5.8663. The Lira increased by 25% over the lowest 7,240 recorded on Monday with information that Qatar promised to invest $15 billion into Turkey.
However, there are still concerns over the policy of President Erdogan to address the 2-figure inflation and tensions with the U.S. on the detention of Pastor Andrew Brunson.
The USD/JPY rate fell 0.03% to 110.89, on the momentum passing on weekends.
The Australian dollar also rose 0.1% against the dollar at 0.7268 after the central bank governor Philip Lowe said the interest would be at a record low "for a time".
USD index, the dollar strength measurement versus the currency basket, is reduced by 0.1% and 96.47 at 1:30AM ET (0530GMT). The index has reached its highest level since 6/2017, 96,984 on Wednesday when the market is concerned with China's economic health situation and the Lira to dollar crisis increases the demand for dollars as assets are less risky.
Meanwhile, the restoration of the domestic NDT was faint after the latest trade information helped the coin withdraw from 19 months in 6.9340 versus the dollar and midweek. The USD/CNY rate holds at 6.8884, up 0.7%.
The information that China and the United States will re-connect negotiations at the end of the month has made a more stable market psychology, even when Larry Kudlow, Trump's leading economic advisor, warns that America's decision to achieve a good deal.
OCBC Bank said: "With the higher price expectation over the past few days and market psychology has been better with the reconnection of U.S.-central negotiations, the market will be cautious in pushing USD/CNY rates up in the short term".
USD/TRY rate increased by 0.06% to 5.8663. The Lira increased by 25% over the lowest 7,240 recorded on Monday with information that Qatar promised to invest $15 billion into Turkey.
However, there are still concerns over the policy of President Erdogan to address the 2-figure inflation and tensions with the U.S. on the detention of Pastor Andrew Brunson.
The USD/JPY rate fell 0.03% to 110.89, on the momentum passing on weekends.
The Australian dollar also rose 0.1% against the dollar at 0.7268 after the central bank governor Philip Lowe said the interest would be at a record low "for a time".
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