USD: Trump scales back China tariff threat – ING.Donald Trump's address in Davos yesterday included most of the threats related to implementing his America First vision – something markets are becoming accustomed to. Comments on oil prices and interest rates seemed to attract more headlines.
Greenback Falls With Risk-On Sentiment and Trump's Softer Tone on China.Dollar's decline accelerated as the week progressed towards the last day, weighed down by strong risk-on sentiment and investor optimism. S&P 500 closed at a new record high on Thursday, with NASDAQ and DOW poised to follow soon.
In China, the Shangai Composite Index rose 24 points or 0.74 percent on Friday. Leading the gains are Yonyou Soft (9.99%), Haitong Secur (5.15%) and SAIC Motor (4.00%). Top losers were Bank of Communications (-2.70%), Sdic Power (-2.14%) and Jinzhou Port (-2.00%).
Onshore yuan posts strong rally as Trump tariff fears abate.The yuan currency was the first line of defense against Trump's tariffs. And Beijing definitely prepped for that as it allowed the currency to fall considerably since Trump won the presidency in November.
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2025-01-24
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12:33:11
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晨标:特朗普第一周对中国态度宽松。Tom Westbrook展望欧洲和全球市场的未来
Morning Bid: Trump goes easy on China in his first week.A look at the day ahead in European and global markets from Tom Westbrook