Dollar gains on trade optimism ahead of Fed decision By Investing.com
Update: 2025-10-29
Description
The U.S. dollar gained ground as optimism surged over a potential trade deal with China, following President Trump's positive remarks on a great deal. The Dollar Index climbed by 0.3% after a two-day drop. Investors are hopeful about a fentanyl export ban and Nvidia chip discussions. The Fed's upcoming interest rate cut and Powell's statement are also in focus. The euro and British pound edged down, while the Canadian dollar was unchanged. The Japanese yen fell to an eight-month low, and the Australian dollar reached a near three-week high due to positive inflation numbers.
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