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USD soft, fading portion of post-Fed gains into US/China trade talks – Scotiabank

The performance of G10 FX is varied before the Na session of Friday, because most currencies reject part of the postal losses of this week against the US dollar (USD). JPY, SEK and NOK surpass, with GBP, EUR and MXN EKK MODEST GAINS because CAD is negotiated flat while AUD and CHF display modest losses. NZD is the only underperforming, down 0.3% against the USD. Emphasis is put on trade, while market players are turning to US / Chinese commercial negotiations this weekend and the scheduled meeting between the US Treasury Secretary Bessent and the Chinese Deputy Prime Minister, He Lifeng, the chief strategist of the Scotiabank, Shaun Osborne.

USD Mixed against G10 as USE Eye / China Talks commercial markets this weekend

“The first reports refer to the possibility of a reduction in prices, less than 60%, in the first step. The versions of the next day included China's commercial figures for Mars, revealing a wider than expected tone (terms USD) drawn by week of week at the end of the week.”

“Global capital indices are dynamic with large gains through Asian and European indices, and market players applaud a new record at the record level of the German Dax while it erases its previous level from March. Tone with WTI extending its recovery from the drop in this week's OPEC and postponing above $ 60 / Bbl.

“Meanwhile, copper is stable and is trying to stabilize at the lower end of its three-week range while gold also seems to consolidate this week's post-so-Soif withdrawal. The Friday American data calendar is empty, leaving the focus centered on fedspeak speakers as well as the whole title of the American administration. (Bog / Voting), Williams (NY / Votting) BARKIN (Richmond / Non-VOTTING) and GOOLSBEE (Chicago / vote).

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