The EUR/USD pair is at daily lows after US and Chinese authorities confirmed phase one on a trade deal agreed. Some tariffs will be rolled back as China agreed on “massive purchases” of US goods, according to President Trump.
USD/JPY added to the overnight strong gains amid US-China trade optimism. The UK election results further boosted the global risk sentiment on Friday. Investors now look forward to the US retail sales data for a fresh impetus.
The GBP/USD pair continues shedding part of its post-UK election’s gains, although at levels last seen several months ago. Hopes that PM Johnson will pass his Brexit deal through Parliament will keep the Sterling on the winning side.