Other major currencies are up to highs for the day as the US dollar and Japanese yen lag
EUR/USD, GBP/USD, AUD/USD, and NZD/USD just touched session highs on the day as the dollar selling continues in spite of some relief on the trade wars rhetoric.
The dollar just can't catch a break right now. Last week when it was sold because of trade wars with China. And now, even with reportedly easing tensions there it still is being sold.
China's foreign ministry just said that China is willing to have talks with the US to resolve differences. At least a more positive suggestion that things may not escalate too much, too quickly.
And we've even seen equities start to improve following Friday's selling. Yet the dollar is weakening.
The yen is the biggest loser on the day so far as risk sentiment starts to improve, and it is clear for all to see. Commodity currencies lead the pack (NZD, AUD, CAD) while the swissie and yen are the ones lagging - alongside the greenback.
