States China: Ink Deal and Chinese Goods

states china: The euro was at 1.1077-1078, against 1.1076-1076, and at 120.16-17, down from 120. 83-84. ; Expectations for an early conclusion of the so-called phase one trade deal between the United States and China receded after U.S. President Donald Trump said Tuesday that he finds it better to wait until the 2021 presidential election to strike the preliminary agreement, according to traders, according to The Japan Times. The dollar was pushed down to levels below 108.50 by U.S. Commerce Secretary Wilbur Ross' comment indicating that the United States will slap tariffs on Chinese goods on Dec. 15 as planned if the two nations fail to ink the deal. At 5 p.m., the dollar stood at 108.47-47, down from 109.09 at the same time Tuesday. Investors had been too optimistic about the U.S.-China trade talks, said an official at a foreign exchange margin trading service firm. Speculative selling will hit the greenback If U.S. economic indicators due out soon, such as Automatic Data Processing Inc.'s jobs data and the Institute for Supply Management's nonmanufacturing index, proved weaker than expected, a Japanese bank official noted. A currency dealer also pointed out that a drop in U.S. long-term interest rates in off-hours trading triggered dollar selling in the late afternoon. (news.financializer.com). As reported in the news.