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Dollar Retreats as Markets Eye Critical US-China Trade Negotiations

Following a rally driven by better-than-expected US employment data, the dollar retreated on Monday as markets turned attention to high-stakes trade negotiations between the US and China in London.

The talks seek to address unresolved issues from last month’s Geneva agreement. Economic pressures are mounting on both sides: China faces deepening deflation with factory-gate prices at two-year lows and slowing export growth, while US businesses and consumers grapple with trade uncertainty.

The dollar fell 0.46% against the yen to 144.16, while the euro rose 0.2% to $1.1418 and sterling climbed 0.3% to $1.3558.

Investors are now watching for May’s US inflation report to gauge the impact of tariffs on the economy, with the Federal Reserve expected to maintain its patient stance on interest rates.

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Videos

Almost Nobody Owns Gold. What Happens If That Changes? 

Gold prices are rising, yet most investors still hold very little of the metal. With average gold allocation in portfolios around 2%, even small shifts in capital could have an outsized impact on prices. Here’s what the data suggests about gold’s next move.

Read More »
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Travis was amazing! I was having difficulty with a wire transfer of my life’s savings, and I was very worried that I might not be able to receive it all. My husband just passed away and I’ve been worried about these funds along with grieving for 8 months. As soon as I got connected with Travis, my concerns were immediately addressed and he put me at ease. The issue was resolved within days. He even called me back with updates to keep me in the loop about what was going on with the funds. I am so grateful for a customer representative like Travis. He really cares for his clients.

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