U.S. Dollar Weak As China Signals Openness to Trade Deal
Wednesday, 9 October 2019 23:15 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The U.S. dollar was weak despite reports that China is open to a partial trade deal despite the U.S. blacklisting Chinese firms earlier in the week, as traders await the Federal Reserve latest meeting minutes for clues on the direction of interest rates.

The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, was down 0.1% to 98.762 as of 11:03 AM ET (15:03 GMT). Investors were also waiting for the minutes from the Federal Reserve™s latest policy meeting at 2:00 PM ET (18:00 GMT) for clues on whether or not the central bank will cut rates.

China is willing to accept a trade deal, Bloomberg reported, and has even offered to increase how many soybeans it buys from American farmers as a measure of goodwill before trade talks. Chinese Vice Premier Liu He is due to arrive this week in Washington for trade talks and is expected to meet U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday.

Source : Investing.com

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