XE Market Analysis: US Dollar Weakens as Trade War Fears Ease

OVERVIEW

  • US Dollar is weaker across the board.
  • British Pound is broadly higher based on improved risk appetite.
  • Trade fears ease after comments from U.S. Treasury Secretary and Chinese Premier.

HIGHLIGHT

The US Dollar index has fallen around 0.5% to a 5-week low as trade tensions were eased by comments from US Treasury Secretary Steve Mnuchin, who expressed confidence that the US and China can reach a deal on trade.