US dollar makes weekly gains on renewed trade deal optimism

US dollar makes weekly gains on renewed trade deal optimism

The dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday, after a U.S.-UK trade deal increased optimism about upcoming U.S.-China talks. Financial markets headed into the weekend with the focus squarely on trade negotiations between Washington and Beijing due to begin on Saturday in … Read more

Bearish bets on India’s rupee at highest in 20 months: Poll

Bearish bets on India’s rupee at highest in 20 months: Poll

Bullish bets on the Chinese yuan hit their highest since early June as the world’s second-largest economy maintained a strong trade surplus and saw robust portfolio inflows even as growth slowed, a Reuters poll showed on Thursday. Short positions on the Indian rupee were raised to their highest since April 2020, while bearish bets on … Read more