The Dollar is down against other major currencies, on a Thursday so far dominated by the publication of the minutes from the FED’s latest meeting, as well as by diminished hopes of a phase one trade deal between the US and China being signed any time soon. American officials reportedly stated the unlikeliness of any deal between the two parts being struck this year. At the same time, President Trump is due to sign a bill already approved by the Senate, supporting human rights in Hong Kong. This is a move likely to upset the Chinese, further complicating the ongoing negotiations.
The markets reacted to these latest developments, by adopting a risk-off stance, weighing down risk related currencies, driving losses of around 0.1% on the Dollar Index and boosting refuge assets, like the Yen and the Swiss Franc.
