FOREX TRADING - The US Dollar Has Went Extremely Low as US-China Business Optimism Invades Australia

The rise in appetency for risk contributed to the rise of the Australian dollar after US government official peoples said that China-US trade discuss will continue on Wednesday for a third day without warning.
The Australian dollar rose 0.2% to $ 0.7152, after peaking at $ 0.7172 in three weeks at the start of the upbeat talks on the Sino-US negotiations.The Australian dollar is often seen as an backhanded trademark of China's growth, as its finance is based on exports and China is the country's principal conclusion for its commodities.
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"The sharp decrease in Chinese growth and the reality that the US stock market has been constrained by the weakness of stock markets discovered elsewhere (...) however encourages the conclusion of an agreement negotiated in the next few months, "said Jason Wong., Senior Market Strategist at BNZ Markets in Wellington "
Against the yen, the dollar remained virtually unchanged at 108.73 yen per dollar.
"Until the starting time of the year, the market had become too discouraged about the global economy, but it appears that this kind of pessimism is getting faded," said  by Masafumi Yamamoto, chief policy strategist at Mizuho Securities.
"The recovery of the market variability will continue, in this condition, I am faithful hatt the dollar / yen will gradually strengthen and reach 110."
An astonishing decline in German industrial production for the third successive month weighed on the euro overnight. The fade concerns was modest, but it highlighted about the slowdown and cautiousness of the European Central Bank as it tried to divert the area from economic recovery.
"I think there will be another tragedy, uncertainty is again dominating the pound, it will face downward pressure and the euro will also suffer," said Yamamoto of Mizuho.
The UK Parliament is expected to decide on Prime Minister Theresa May's January 15 agreement on Brexit, and the upcoming approach is expected to dominate the sterling trade. May is ready to lose the vote unless she can convince opponents inside and outside her party to support her project.

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