XE Market Analysis: Tariffs Truce Dents Dollar as High Yielders benefit

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OVERVIEW

  • US Dollar falls as a ceasefire in tariffs is declared between the US and China
  • The Pound dives to five-week lows as Brexit fears intensify
  • Commodity currencies such as the Australian and New Zealand Dollar strength on risk appetite 

HIGHLIGHT

The New Zealand Dollar was one of a basket of currencies to benefit from a US-China trade war truce. It strengthened by around 0.7% today.