The Dollar Strengthened Against Most Major Currencies After Inflation Data

 

 The dollar rallied against major currencies during early European trading at the end of weekly trading as weak sales contributed to risk aversion.

As weak US retail sales data raised concerns about the slowdown in the world's largest economy. Retail sales in the United States unexpectedly declined in December, according to government data, which was closed due to a delay in its operation, published by the Commerce Department on Thursday.

Trade negotiations

On the trade negotiations, US Treasury Secretary Stephen Menuchin and trade representative Robert Lefteizer are due to meet with Chinese President Xi Jinping later in the day after the conclusion of trade talks in Beijing between the United States and Chinese delegations, the New York Times reported Friday. With the conclusion of the negotiations, officials were not clear on the amount of progress made or if an agreement was reached, citing a knowledgeable government official.

Earlier, US President Donald Trump said he would consider postponing the March 1 deadline for a trade deal with Beijing, where technology regulation and intellectual property rights remained some of the main points of contention.

As the talks ended earlier in the day, Minister Menuchin told reporters that good progress had been made during the talks. However, Washington and Beijing have made no official announcements yet.

Government shutdown and take off Trump

On the other hand, investors became cautious after news that US President Donald Trump was planning to declare a state of national emergency in an attempt to get more money for the US-Mexican border wall.

 Senator Lindsey Graham said on Thursday he wanted Deputy Attorney General Rod Rozenstein to testify again on allegations he had discussed ousting President Donald Trump from office, saying: "Yes, I would like to know what happened. 25, "adding that if" the shoe was on the other foot, my Democratic colleagues want to know about that conversation if it includes a democratic. "

In September, the prosecutor's report claimed to have suggested invoking the 25th Amendment to oust President last year. In addition, the same report said that Rosenstein proposed the registration of Trump Trump in the White House during the repercussions of the President's release of FBI Director Jamie Kumi.

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