rate cut after more than a year of signalling tighter future policy. Forex - Sterling Tanks on Brexit Legal Advice. Tokyo, Feb 6 (Reuters) - The dollar held mostly steady against its peers on Wednesday, moving in a narrow range ahead.S. By Saqib Iqbal Ahmed, nEW york, Feb 5 (Reuters) - The.S. Dollar edged higher against a basket of major currencies on Tuesday as investors awaited President Donald Trumps State of the Union address for a possible update on the.S.-China trade war. The dollar index against a basket of six major currencies hovered near an 11-day high.12 reached overnight. President Donald Trumps newfound eagerness to forge a final trade deal with China. On top of setting a target band for the 2019 economic growth between 6 and.5, the Chinese government also said at the ongoing annual meeting of the National People's Congress that the country is cutting taxes and fees by nearly CNY2 trillion (300 billion).
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The slowdown in growth fuelled speculation over a possible rate cut later this year. Meanwhile, continued recovery in investors appetite for risk taking exerted pressure on safe-haven currencies, and the Swiss franc, which tends to appreciate during bouts of economic uncertainty, sank to an 11-week low against the dollar. The dollar has been managed to hold its ground although.S. The currency was a shade lower.2950 after brushing.2923, its lowest since Jan. Traders are also keeping an eye.S. In his first public speech of the year, Lowe said rates could go in either direction, depending on the labour market and inflation. Will finally come to an end boosted market sentiment. The Aussie dollar was last down 1 percent.7165. On qu'est-ce que pip dans le commerce des devises? Wednesday, Bloomberg reported that Trump is pushing for a trade deal with China, which could help him with the 2020 re-election campaign.