The USD Is Into A Steady Pattern
The USD is still supported this morning after U.S. Treasury Secretary Steven Mnuchin confirmed U.S.-China trade talks will resume next month.
As a matter of fact, Mnuchin announced yesterday that trade discussions were scheduled in two weeks.
Now, the Euro versus the USD trades at $1.0989, which is a decline of $0.00037 or 0.03% from the previous close of $ 1.09928.
USDEURO daily chart |
The daily range is from $1.0983 to $1.0997, while the trading volume is 44.16K.
The USD partly moved versus the JPY and trades around 107.5.
USDJPY chart today |
Moreover, the GBP was hovering near one-week bottoms at 1.2435 ahead of a U.K. Supreme Court ruling on whether Prime Minister Boris Johnson took on illegal actions.
USDGBP chart today |
The outcome of the case could have implications for Johnson’s plans to for the Brexit, scheduled for Oct. 31.