FOREX-Greenback drops to 2-week low as safe-haven bid ebbs on commerce optimism

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FOREX-Greenback drops to 2-week low as safe-haven bid ebbs on commerce optimism

* China prepared to achieve settlement with U.S. - Vice Premier Liu He* U.S. core CPI slips; headline CPI unchanged in September* Market


* China prepared to achieve settlement with U.S. – Vice Premier Liu He
* U.S. core CPI slips; headline CPI unchanged in September
* Markets count on Fed price minimize later this month
* Graphic: World FX charges in 2019 http://tmsnrt.rs/2egbfVh

(Provides feedback, FX desk, U.S. information, updates costs, modifications byline, dateline; earlier LONDON)
By Gertrude Chavez-Dreyfuss
NEW YORK, Oct 10 (Reuters) – The greenback fell to two-week lows on Thursday, with safe-haven demand for
the forex waning, as traders grew optimistic a few commerce deal between the US and China.
“There may be rising optimism that we might get some partial settlement on commerce between the U.S. and
China. I feel either side are needing to have a win,” mentioned Edward Moya, senior market analyst, at OANDA in
New York.
“So there may be much less safe-haven demand for the greenback. If we get some sort of commerce deal or
mini-agreement or mandate, you are going to see that being supportive of European belongings. We’re seeing the
euro now again above $1.10, which has been the resistance,” he added.
Chinese language Vice Premier Liu He mentioned on Thursday China is prepared to achieve an settlement with the United
States on issues that either side care about in order to forestall friction from resulting in any additional
escalation, the state information company Xinhua reported.
Liu, China’s high commerce negotiator, made his remark in Washington when he…



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