investingLive European markets wrap: Dollar lightly lower as Fed week gets underway.US-China trade talks are continuing in Madrid with not much progress, though a probe by Beijing in finding that Nvidia violated antitrust law is clouding the situation further. The chip giant's shares are down around 1.6% in pre-market but US futures are holding up as a whole, with S&P 500 futures seen higher by 0.2% currently.
China's Economy Slips, Australian Dollar Edges Higher.The Australian dollar is coming off its best week since April, posting gains of 1.4%. In the European session, AUD/USD is trading at 0.6657, up 0.12% on the day.
Traders Prices in Rate Cut as Dollar Begins to Slip!.The markets seem to be already pricing in a potential rate cut by the Fed, as the dollar takes a step back. With this week's interest rate decision in focus, will there be any surprises by the FOMC?
Bank Indonesia to hold rates this week as political shake-up hits rupiah.Indonesia's central bank will pause its easing cycle on Wednesday according to a Reuters poll of economists published a week after the removal of Finance Minister Sri Mulyani Indrawati rattled investor confidence and weakened the rupiah.
Explainer: Why South Korea cannot make the same US trade deal as Japan.South Korea's negotiations with the U.S. on a trade deal to lower tariffs have stalled amid concerns over the foreign exchange implications of a $350 billion investment fund, part of an agreement reached with President Donald Trump in July.