Global Forex Market
THE US dollar depreciated by 0.71% to 97.607 following a confluence of factors including: (1) global risk-on sentiment following reports that the US and China had reached a tentative agreement for the “first phase” of a trade deal, with China agreeing to buy up to US$50bil of US agriculture products, to accept more American financial services in their market while the US agreed to suspend new tariffs scheduled for Oct 15.
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