The US dollar rose 0.6% to 146.19 yen, driven by a recently reached trade agreement between the US and China to address the trade deficit. This development has improved market confidence and is indicative of a potential shift in trade relations between the two major economies.
Market sentiment is set to be influenced by ongoing trade talks, alongside upcoming US economic data releases. Treasury Secretary Scott Bessent emphasized the importance of tracking inflation metrics, which could shift trader expectations regarding future interest rates.
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