Most Currencies Paused While On Trade Talk Watch – 26 November, 2019
Most major currencies were stable ahead of a shorter week i the U.S. due to the Thanksgiving holiday, as well as traders anticipation of the outcome of trade talks between the U.S. and China. The dollar was last trading just below a two week high of 109.205 at 109.05 yen. With trade talks said to be in phase one of negotiation, the worlds two biggest economies constant back and forth over the last year and a half have left investors skeptical about a deal being reached. Washingtons next waves of tariffs are scheduled to take effect on December 15. The euro was little changed this week, last trading at $1.1023.