Dollar rises as 'Phase One' U.S.-China trade deal remains elusive
Wednesday, 20 November 2019 The dollar edged higher on Wednesday on news that a "phase one" U.S.-China trade deal may not be completed this year, raising the prospect of another hike in tariffs and spurring safe-haven demand.
U.S. President Donald Trump said on Tuesday that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war that has roiled markets and damaged growth worldwide.
Are we going to see a trade deal between the U.S. and China? China's Commerce Ministry said in a statement Tuesday it had made progress with its U.S. counterparts, including U.S. Trade Representative..
As Wall Street starts to sharpen its view of how U.S. stocks will perform in 2020, two key investment banks, Stifel and UBS, expect U.S. stocks to return about 5% for the next year or so. The S&P 500..