Investing.com – The greenback has surged Monday in the middle of the information according to which the United States and China are expected to sign a trade agreement by the end of the month.
Although details are still unclear, Washington and Beijing are expected to conclude agreements to increase imports of chemical products and agricultural americans, lower tariffs on the products manufactured in the United States, and reduce the penalties. A trade agreement could be formally signed to the march 27, reported Sunday by the Wall Street Journal.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, gained 0.29 per cent to reach a peak of two weeks of 96,727 at 10: 39 am ET (15h39 GMT).
Traders seem to be oblivious to the comments of the american president Donald Trump, who has criticized the federal Reserve and criticized the strengthening of the dollar.
“We have a man who loves a dollar very strong within the Fed,” said Trump at the annual conference on the political action conservative in Oxon Hill, Maryland, on Saturday. “I want a strong dollar, but I want a dollar great for our country, not a dollar to be so strong to the point that it is too cost prohibitive for us to deal with other countries.”
The Fed has stopped its pace of rate increases as it assessed the barriers in the domestic economy and abroad, deleting the words “incremental increases” in interest rates in its policy statement in January.
The dollar was up versus the yen, with USD / JPY up 0.05% at 111,94.
Elsewhere, the pound was down compared to the previous winnings, with the GBP / USD down 0.17% to 1,3177. The euro has dropped, due to the appreciation of the u.s. dollar. The EUR / USD has slipped 0.56% to 1,1308.
In Australia, the AUD / USD remained stable at 0,7077, while the NZD / USD fell 0.04% to 0,6796. The loonie is falling, with USD / CAD rising 0.15% to 1,3313.