The USD Lost Some Ground

The USD partly declined some territory this morning.

Meanwhile, the risk appetite soared coming from statements from China on the need to find a solution for the trade conflict with the Trump Administration.

Presently, the Euro versus the USD trades at $1.1054, which is a very minor loss of $0.00040 or 0.04% from the previous close of $1.10584.

The daily range is from $1.1047 to 1.1087, while the trading volume is 90.715K.

The Chinese President Xi Jinping reported that his country is willing to work on a deal with Washington and has been trying to avoid a trade war.

Moreover, against the major currency pairs, USD slipped around 0.1%-0.2%, breaking its three-day winning path and advancing towards its smallest weekly change since August 2019.

Simultaneously, the New Zealand dollar and Swedish crown both added around 0.2% versus the USD.

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