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Shutdown Risks, Tariff Relief Shape FX Moves
Global markets traded mixed on Tuesday as investors assessed the implications of a potential U.S. government shutdown and fresh signs of easing trade tensions between the world’s two largest economies. The U.S. Dollar firmed modestly amid safe-haven demand, while the British Pound and New Zealand Dollar fell sharply on weak domestic fundamentals. Meanwhile, China’s pledge to lift tariffs on certain U.S. agricultural imports added a dose of optimism to trade-sensitive currencies and commodities. Gold extended its gains above $4,000 as investors sought safety amid concerns that the ongoing U.S. government shutdown ... (full story)
