US-CHINA: Deal still far away

On Wednesday the high demand dollar fought to keep its price levels while decreasing optimism for any short-term US-China trade agreement renewed safe-haven interest and sent US bond yields to their weakest levels after 3 years. The dollar index versus a box of six main rival currencies was a tone below at 96.696 following a retracement from 96.874 reached yesterday. The greenback dropped about 0.3% to 107.579 yen and moving away from a 12-day top of 108.534 reached this week.

On Tuesday U.S Stocks increased lightly but profits were limited following the U.S. warning of a new round of taxes on European goods. That decision from Trump's administration pressed down the recent enthusiasm regarding the US-China trade peace. The Nasdaq Composite improved about 0.2% to 8,109.10.

The S&P 500 rose 0.3% to 2,973.00 and registered a record high. The popular Dow Jones Industrial Average went up more than 69 points at 26,786.67.