Tag: Dollar Index

• Monday, October 1st 2018 - 08:42 UTC

  US and Canada reach a NAFTA framework pudate; “we have a trilateral deal”, sayd Mexican sources

  

  The US dollar slipped against the Canadian dollar on Monday as the United States and Canada reached a framework deal to update the North American Free Trade Agreement. The deal reached involves offering more dairy access to U.S. farmers as well as Canada agreeing to a side-letter arrangement effectively capping automobile exports to the United States.

• Friday, August 17th 2018 - 10:26 UTC

  US/China announcement of trade talks come as a relief to world markets

  

  The dollar stepped back from 13-1/2-month highs against other major currencies on Friday as talks next week between China and the United States offered some hope that the world’s two largest economies will find a way to head off a full-blown trade war.

• Thursday, January 25th 2018 - 10:03 UTC

  Treasury Secretary tells Davos US welcomes a weakening dollar

  

  The U.S. dollar extended its recent rout to hit three-year lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed a weakening in the dollar. Fears of protectionist trade policies by the United States had already pushed the greenback to a three-year low, and Mnuchin’s remark at the annual Davos summit of business and political leaders pushed it down further.