China's Vice President Han Zheng said on Tuesday that the Chinese government is ready to work with the European Union to further expand areas of cooperation and promote new development in China-EU relations.
The NZD/USD pair extends its upside to near 0.6055 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) amid hope of US-China trade talks. The second day of trade talks will be in the spotlight on Tuesday.
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1840 as compared to the previous day's fix of 7.1855 and 7.1853 Reuters estimate.
The Gold price ( XAU/USD) posts modest gains to near $3,325 during the early Asian session on Tuesday, bolstered by a weaker US Dollar (USD). Investors await the ongoing US-China trade talks on Tuesday for fresh catalysts.
Trade talks between the United States (US) and China will continue into a second day as the world’s two largest economies look to ease tensions over shipments of technology and rare earth elements, per Bloomberg.
The USD/CAD pair trades on a flat note near 1.3700 during the early Asian session on Tuesday. Cooling tensions between the US and China could provide some support to the Greenback. US-China trade talks will extend to a second day and will be closely monitored.
EUR/JPY prolongs its rally to four straight days as Tuesday’s Asian session begins. At the time of writing, the cross-pair exchange hands at 165.16, up 0.06%, and is up 0.09% in the week so far.
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The US Dollar dropped as US-Sino trade talks began in London on Monday, amid an improvement in risk appetite and the first reports that talks are going well, according to US President Donald Trump.
XAG/USD hit another 13-year high to kick off the new trading week, testing above $36.80 per ounce and laying fresh tracks toward $37.00/oz as metals investors bank on a perfect storm of factors to continue pushing Silver prices into their highest bids since early 2012.
EUR/USD advanced on Monday during the North American session, driven by upbeat market sentiment fueled by high-level US-China tariff talks held in the United Kingdom.
The Australian Dollar (AUD) is trading higher against the US Dollar (USD) on Monday, with the AUD/USD pair firming above the 0.6500 resistance level at the time of writing.
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Gold prices posted solid gains on Monday as the US Dollar weakened during the North American session despite positive news regarding US-China trade talks. A retracement of US Treasury bond yields underpins the golden metal, which trades at $3,329 a troy ounce at the time of writing.
The Dow Jones Industrial Average (DJIA) rose on Monday, testing above 42,800 as ongoing trade talks between the Trump team and Chinese representatives are ongoing in London.
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