The USD Into A Static Position

The USD remains around the same levels today during the Asia hours following the conclusion of much-awaited Sino-U.S. one trade deal.

Finally, Beijing and Washington managed to come up with a trade agreement at the White House overnight.

Under the new conditions, the U.S. reduced tariffs on $120 billion in Chinese goods to 7.5% from 15%.

Now, the Euro versus the greenback trades at $1.1158, which is an incline of $0.00089 or 0.08% from the previous close of 1.11495.

The daily range is from $ 1.1144 to 1.1163, while the trading volume is 53.774K.

Moreover, Beijing will have to increase purchases in the U.S. by $200 billion over the next two years in manufactured goods, agriculture, energy and services.

In addition, the USD was largely stagnant following the news, as the deal was already largely priced in the market focus.