The U.S. dollar held onto gains against its global peers Wednesday ahead of Minutes from the Federal Reserve that are expected to confirm the bank’s recent signals on slower rate hikes and a more patient approach to monetary policy in the face of uncertain economic growth at home and notable weakening around the world.
US China trade deal
US Markets Rally on US-China Trade War Truce; Dollar Down, Yuan Up
The equities rally followed a US-China trade deal at the G20 summit in Argentina calling for a 90-day trade tariff truce. Oil prices jumped nearly 4%.
Trump may impose auto tariffs as early as next week: German magazine
The report recommends 25 percent duty on car imports from all countries except Canada and Mexico. There will be no exceptions for certain car types. …
Trump Looks to Expand Tariffs to All Chinese Goods
Gold Silver Reports (GSR ) – Trump, in an interview with the Wall Street Journal published Monday, said he’s prepared to impose tariffs on a final batch of $267 billion of Chinese shipments if he can’t make a deal with Xi when they meet at the Group of 20 meeting in Argentina, which starts Nov. 30. The rate could be either 10 percent or 25 percent, Trump said.