The US dollar strengthened versus the Chinese yuan as the trade deal between the United States and China met unexpected obstacles.
Tag - usd
Trade on the news
GBP/USD formed a lower high just above 1.30 (psychological level, 50-week MA).
What key releases will move the markets this week?
This week NZD/USD tested the lowest levels since October in the area of 0.6525 after the Reserve Bank of New Zealand reduced its interest rate to 1.5%.
The day promises to be quite interesting for USD/CAD. The market awaits the news about the trade talks between the United States and China.
Some fresh analytics for today
Trade ideas for May 7
Although EUR/USD has recently tested levels just above 1.11, buyers didn’t let the euro fall lower.
What will happen to markets this week
In April, USD/CHF broke above the resistance line connecting 2018 and 2019 highs in the 1.0130 area.
EUR/USD spiked towards 1…