The U.S.-China trade truce hasn’t been enough to shake out one favorite trade: shorting the dollar. Should the U.S. and China eventually reach a full-fledged trade deal, the greenback will lose appeal as a haven, AMP Capital Investors Ltd. says. “We’ve been at a trade truce before," said George Boubouras, Melbourne-based director at the money manager. “Until there’s more signs of global growth momentum, of a timeline to a trade deal, we’re happy to maintain the long dollar trade." With few details released so far about the U.S.-China trade truce, traders will look to this Friday’s U.S. payrolls report for indications on the strength of the world’s biggest economy and the prospect for policy easing.

Source: Mint July 02, 2019 06:45 UTC