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The U.S. dollar was weak against most major currencies on Friday as news about the U.S. and China agreeing on the text of a phase one trade deal dimmed the currency's safe-haven appeal.

tradewar-feb05_13dec19.jpg After months of negotiations, U.S. and Chinese officials announced Friday the two economic superpowers have reached an agreement on a phase one trade deal. The agreement includes suspending planned tariffs on Chinese goods as well as scaling back existing tariffs in exchange for Chinese structural reforms and purchases of U.S. goods.

business-inventories2-121319.jpg Business inventories in the U.S. increased in line with economist estimates in the month of October, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.2 percent in October after edging down by a revised 0.1 percent in September.

import-export-121319.jpg Largely reflecting a rebound in fuel prices, the Labor Department released a report on Friday showing U.S. import prices increased in line with economist estimates in the month of November. The report said import prices rose by 0.2 percent in November after falling by 0.5 percent in October. The rebound in prices matched economist estimates.

retail-sales-121319.jpg A report released by the Commerce Department on Friday showed retail sales in the U.S. rose by far less than economists had anticipated in the month of November. The Commerce Department said retail sales edged up by 0.2 percent in November after climbing by an upwardly revised 0.4 percent in October.

russia-central-bank-032318_13dec19.jpg Russia's central bank on Friday cut its key interest rate for the fifth consecutive policy session, citing slowing inflation, and signaled more easing is in store. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate by 25 basis points to 6.25 percent, the Bank of Russia said in a statement.

pound-dec13.jpg The pound was higher against its major counterparts in the Asian session on Friday, as the ruling Conservative party secured a landslide victory in the snap election on Thursday, ending the Parliamentary deadlock and making it possible to deliver Brexit by the end of January. The exit poll showed...

The U.S. dollar came off early lows, and after staying positive for a while around mid afternoon, faltered and remained weak later on in the session on Thursday, as traders weighed the prospects for a potential trade agreement between the U.S. and China before this weekend.

euro-symbol-121219.jpg The euro moved up against its major trading partners in the European session on Thursday, after European Central Bank Chief Christine Lagarde suggested that there were encouraging signs of stabilization in the euro area growth slowdown and a moderate increase in inflation pressures despite continued...

christinelagarde-070319_12dec19.jpg European Central Bank's new chief Christine Lagarde said on Thursday that her style of communication cannot be compared to her predecessors as she revealed that a planned strategic review of the bank's monetary policy is set to begin in January and complete by the end of the year.

us-ppi-121219.jpg With higher prices for goods offsetting lower prices for services, the Labor Department released a report on Thursday showing U.S. producer prices came in unchanged in the month of November. The Labor Department said its producer price index for final demand was flat in November after climbing by 0.4 percent in October. Economists had expected prices to rise by 0.2 percent.

jobless-claims-121219.jpg First-time claims for U.S. unemployment benefits jumped by much more than expected in the week ended December 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims surged up to 252,000, an increase of 49,000 from the previous week's unrevised level of 203,000.

ecbank-sep12_12dec19.jpg The European Central Bank left its key interest rates, asset purchases and forward guidance unchanged on Thursday, in the first policy session chaired by the new chief Christine Lagarde. The Governing Council decided to hold the refi rate unchanged at a record low 0 percent, the deposit rate at -0.50 percent and the marginal lending rate at 0.25 percent.

turkey-may31_12dec19.jpg The Turkish central bank again cut its key interest rate sharply, citing a continued recovery in the economic activity and a broad decline in inflation expectations. The Monetary Policy Committee, led by TCMB Governor Murat Uysal, decided to reduce the policy rate, which is the one-week repo auction rate, to 12.00 percent from 14.00 percent. Economists had forecast a cut to 12.50 percent.

swissfranc-dec12.jpg The Swiss franc drifted higher against its major trading partners in the European session on Thursday, after the Swiss National Bank maintained its negative interest rates and expressed willingness to intervene in the forex market to stabilize price developments and support economic activity. The...

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