Friday Forex Traders Money Market Update. 8th November 2019

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The US Dollar received a boost on Thursday following a sharp rally in Treasury Yields following the announcement the US and China would cancel upcoming trade tariff increases.
Risk appetite moved higher once again pushing the Dow Jones and S&P 500 back to recent record levels and driving the safe haven Yen lower. Another reason why the US Dollar benefited on Thursday is that economists are reporting that a successful trade deal between the US and China would result in better US company earnings and a stronger US economy and thus any further rate cuts from the US Fed would be unlikely in the medium term.

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