17/03/2026
Hopes for a trade deal were boosted after US President Donald Trump stated on Monday that he expects a “very strong deal” with China, confirming a meeting with Chinese President Xi Jinping next week in South Korea.
Major currency pairs remain relatively calm on Monday following the previous week’s volatile action, although the Euro is under moderate pressure following the downgrade of France’s sovereign credit rating.
US Dollar (USD) continues its extended slide, pressured by a combination of factors: fears of a full-blown Sino-US trade war, a prolonged US government shutdown, and growing expectations that the Federal Reserve (Fed) may be forced to accelerate its easing cycle.
The US Dollar (USD) continues to weaken against its major rivals, pressured by the uncertainty surrounding the US-China trade relations and a prolonged US government shutdown, which is stretching into a third week.
Markets react to renewed threats from US President Donald Trump to terminate some trade ties with China over agricultural concerns.
The ongoing US government shutdown is entering its third week with no resolution in sight. The Senate returns today and is expected to vote again on a House-passed measure to fund the government.