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Strengthening the euro, when the optimism of US-China trade is aggravated by Reuters




© Reuters. PHOTO PHOTO: US dollar and Sarajevo bills are depicted in the picture

Tommy Wilkes

LONDON (Reuters) – On Monday, euro and more risky currencies, such as the Australian dollar, became more optimistic about a breakthrough in the United States. Trade war talks were encouraged. investors.

The euro was stuck in the trading range against the dollar for several months, as the growing weakness of the eurozone economy is offset by a reduction in expectations. The Federal Reserve will again raise interest rates in the United States this year

But after falling to a three-month low in the first half of the year, The euro has been resuming, thanks to an improvement in investor sentiment, as hopes have grown to the end of the US-China trade conflict after both sides reported progress in the negotiations. The most liquid currency in the world, as a rule, works well during the attacks of investor nervousness.

"Overall, the mood is still quite positive about the prospects of trade," said Anal Cole. on RBC Capital Markets, adding that he believes the "risk" mood will continue.

"If we do something we will work with it. You have a fairly decent growth background and the Fed, which puts the maintenance bids."

However, he said that the best way to play the fall in the Fed's interest rate in dollars / yen is because more Japanese investors have decided not to hedge purchases of dollars in assets that have already earned a decent return after the US-201

8 growth rate.

Cole sees the dollar / yen to 120 yen per dollar by the end of 2019 from the current level of 110.55.

The euro recorded 0.3 percent higher to $ 1,1328, while the one that measures the American unit against the basket of competitors declined by 0.2 percent to 96,687 in a quiet session when the US markets closed on a holiday on Monday .

wins, traders bid on a weaker euro in the coming months. They expect the European Central Bank to support light monetary policy against the backdrop of slow growth, cool inflation and political uncertainty.

Commerzbank (analysts DE 🙂 believe that the single currency remains vulnerable to any upsurge in the United States. European Trade Dispute.

"It would have been very rare to report the positive side of the euro if this conflict overgrown. The slightest economic upheaval would undoubtedly harm the euro in the light of the fragile state of the eurozone economy," they wrote.

The Australian dollar, which is considered to be a barometer of world-wide risk-aversion, grew by 0.2 percent to $ 0.7154.

Sterling received 0.3 percent to $ 1.2918, as compared to the lows last week when investors were expecting results of negotiations between Britain and the European Union , London is trying to cross Contai Brussels change the conclusion of the conclusion.

    

    
    

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