You are here: Home » Reuters » News
Business Standard

Global markets surge on China-U.S. trade truce, dollar dips, yuan up

Reuters  |  NEW YORK 

By Laila KearneyNEW YORK (Reuters) - A temporary ceasefire in the U.S.-China trade war boosted global stocks to their highest in about three weeks on Monday, while sending the dollar lower and the Chinese yuan and several trade-dependent currencies higher. The rally in equities follows an agreement reached between Washington and Beijing at the G20 summit in Argentina on Saturday that calls for a 90-day trade tariff truce."Most of us were hoping that we would come out of these discussions with no new tariffs and a pause, which is ultimately what we got," said Randy Frederick, vice president ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, December 03 2018. 22:42 IST
RECOMMENDED FOR YOU