Trade balance

As you’ve no doubt heard by now, US President Trump and Chinese President Xi were able to reach a ceasefire agreement at the G20 summit in Argentina over the weekend.

Yesterday, we noted that FIFA trumped Forex in terms of excitement, but today’s been all about the markets. As my colleague Ken Odeluga noted in his prescient post yesterday morning, trade issues are front and center for investors in this week’s trade.

<p>The dollar remains the currency market’s standout performer for the second straight day, gaining value against each of its major rivals after this morning’s as-expected New Home Sales report. Despite consistent strength in the greenback each day this week, the world’s reserve currency is still down from its pre-Fed levels of last week, so it’s di...