Progress In Trade Deal Boosts Dollar – 23 June, 2020

A confirmation of the progression of the U.S.- China deal helped the euro and Aussie jump to a one week high. The euro last stood at $1.1333, up 0.67% after reaching $1.1337 earlier, while the Aussie was up 0.75% to $0.6957 having reached as high as $0.6973 earlier. Against the yen, the dollar was up 0.59% to 106.24 yen, its weakest since the beginning of May. President Trump had tweeted that a trade deal was fully intact, backtracking on the comments made by White House trade Advisor Peter Navarro who had initially stated that the pact was over.