US Dollar: Sentiment Improves as Markets Brace for US-China Trade Talks

From Investing.com: 2025-05-09 05:22:00

Stocks in Japan and Taiwan surged on Friday following news of a U.S. trade deal with Britain, boosting hopes for progress in tariff talks with other nations. European shares also ticked higher, with the pan-European index rising 0.3% and the German index up 0.5%. US futures were momentarily in the red during the Asian session. On the FX front, the dollar headed for a weekly gain against major currencies. Oil prices rose, with Brent crude up 0.68% and US West Texas Intermediate up 0.7%. Gold prices fluctuated but remained on track for a weekly gain. China’s exports grew more than expected in April, with imports falling less sharply. Market sentiment has improved as investors await US-China trade talks this weekend. The DAX index faces a critical test at the 23471 handle for a potential move higher. Federal Reserve policymakers are set to speak throughout the day.(Source: FinancialJuice, MarketPulse)



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