NewsCase StudiesEvents

Risk on as US and China agree to a trade war ceasefire.

Also in the news...

Foreign travel advice Indonesia

FCDO advises against all travel to parts of Indonesia.

Foreign travel advice Romania

Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).

Foreign travel advice The Gambia

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).

Foreign travel advice China

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).

Guidance Living in South Korea

Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.

Risk on as US and China agree to a trade war ceasefire.

Back to News

Risk demand gapped higher overnight, in response to the US-China trade ceasefire announced over the weekend. The greenback opens slightly weaker this morning as a result, especially so vs. the commodity currencies.

In other news, oil gained +5% after Russia and Saudi Arabia extended their accord on oil production cuts, the effects of which have been seen mostly in the reaction of USD/CAD. < /p>

It’s a heavy data/risk event this week for the USD, with ISM Manufacturing PMI due today, Fed Chair Powell due to testify on Wednesday, another Powel speech on Thursday, and employment data on Friday.



You are not logged in!

Please login or register to ask our experts a question.

Login now or register.