NDT changes, dollar increase with US-central negotiation information
The NDT was less altered, while the dollar increased on Monday when the investor waited for the outcome of the U.S.-centered meeting on the weekend.
The USD/CNY rate rose 0.01% to 6.8794 at 1:15AM ET (0515GMT). The dollar increased by about 6% compared to the NDT since the beginning of the year when the NDT fell due to trade tensions escalated and the dollar crisis increased demand for the dollars.
China and the United States announced on Thursday that the lower-level negotiations will take place on 22-23 this month to tackle the tensions that are escalating between the two countries. A Beijing 9-person delegation will meet with US officials, according to official announcement from the two countries.
In addition, the information indicates that President Trump and the President will meet in November 11.
The negotiations on arriving after the Trump administration had imposed tax on 34 billion in Chinese goods in 7 months when they accused China of unfair trade, they would impose more tax on 16 billion DOLLARS of cargo on Aug. 23
Trump had previously warned that the U.S. could set the entire tax goal of 500 billion in Chinese goods entered the United States
Bloomberg says on Monday that this week the NDT can be noticed when 2 parties meet at the end of the month.
Bloomberg leads Robin Brooks, chief economist at the International Finance Institute: The middle-level negotiations seem to be "exactly what they want the NDT to be".
The U.S. will suggest China to let the NDT increase the price after the NDT has increased by about 6% this year.
Meanwhile, the USD index, the dollar strength readings versus the basket of 6 currencies, increased by 0.1% to 96.1 on Monday
USD/JPY rate increased by 0.1% while AUD/USD drops 0.1%
The USD/CNY rate rose 0.01% to 6.8794 at 1:15AM ET (0515GMT). The dollar increased by about 6% compared to the NDT since the beginning of the year when the NDT fell due to trade tensions escalated and the dollar crisis increased demand for the dollars.
China and the United States announced on Thursday that the lower-level negotiations will take place on 22-23 this month to tackle the tensions that are escalating between the two countries. A Beijing 9-person delegation will meet with US officials, according to official announcement from the two countries.
In addition, the information indicates that President Trump and the President will meet in November 11.
The negotiations on arriving after the Trump administration had imposed tax on 34 billion in Chinese goods in 7 months when they accused China of unfair trade, they would impose more tax on 16 billion DOLLARS of cargo on Aug. 23
Trump had previously warned that the U.S. could set the entire tax goal of 500 billion in Chinese goods entered the United States
Bloomberg says on Monday that this week the NDT can be noticed when 2 parties meet at the end of the month.
Bloomberg leads Robin Brooks, chief economist at the International Finance Institute: The middle-level negotiations seem to be "exactly what they want the NDT to be".
The U.S. will suggest China to let the NDT increase the price after the NDT has increased by about 6% this year.
Meanwhile, the USD index, the dollar strength readings versus the basket of 6 currencies, increased by 0.1% to 96.1 on Monday
USD/JPY rate increased by 0.1% while AUD/USD drops 0.1%
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