Trump ok with Iran suspending nuclear program for 20 years
- Donald Trump says China will buy “billions of dollars” worth of US soybeans.
- Beijing has reportedly agreed to purchase 200 Boeing planes, with potential commitments up to 750 aircraft.
- The US president also mentions possible relief on sanctions targeting some Chinese Oil companies.
United States (US) President Donald Trump made a series of comments on China, Iran and Taiwan on Friday, according to Reuters reports.
Trump said he discussed Fentanyl with Chinese President Xi Jinping and announced that China would buy “billions of dollars” worth of US soybeans. He also stated that Beijing had agreed to purchase 200 Boeing aircraft, with a potential commitment of up to 750 planes.
Regarding Iran, Trump said he would make a decision “over the next few days” on potentially lifting sanctions on Chinese Oil companies that buy Iranian Oil. He also said he would support a 20-year suspension of Iran’s nuclear program under certain conditions.
On Taiwan, Trump said US policy had “not changed” and stressed that the United States was “not looking to have wars.”
Key Takeaways
I talked about Fentanyl with Xi.
The farmers are going to be very happy, China is going to be buying billions of dollars of soybeans.
I'm going to make a decision over the next few days on lifting the sanctions on Chinese Oil companies that buy Iranian Oil.
China agreed to buy 200 Boeing planes, with a potential commitment of 750 planes.
Boeing planes will have General Electric engines.
Have not approved weapons for Taiwan yet; may do it, may not do it.
Trump on Taiwan policy: Nothing's changed.
Trump on Taiwan: We're not looking to have wars.
Trump on Iran: Says he's ok with Iran suspending nuclear program for 20 years but has to be a 'real' commitment.
Trump tells NYT reporter that his reporting on Iran is 'treasonous'.
Trump disputes reporting that Iran has maintained its missile capacity, says 80 percent gone.
Market reaction
The US Dollar Index (DXY) jumped following Trump’s comments before correcting lower, but it remains up 0.24% on Friday, trading around 99.10 at the time of writing.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.24% | 0.20% | 0.05% | 0.18% | 0.81% | 1.01% | 0.16% | |
| EUR | -0.24% | -0.05% | -0.18% | -0.07% | 0.57% | 0.80% | -0.07% | |
| GBP | -0.20% | 0.05% | -0.13% | -0.02% | 0.62% | 0.83% | -0.02% | |
| JPY | -0.05% | 0.18% | 0.13% | 0.12% | 0.74% | 0.95% | 0.10% | |
| CAD | -0.18% | 0.07% | 0.02% | -0.12% | 0.62% | 0.81% | -0.01% | |
| AUD | -0.81% | -0.57% | -0.62% | -0.74% | -0.62% | 0.22% | -0.68% | |
| NZD | -1.01% | -0.80% | -0.83% | -0.95% | -0.81% | -0.22% | -0.85% | |
| CHF | -0.16% | 0.07% | 0.02% | -0.10% | 0.01% | 0.68% | 0.85% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Ghiles Guezout
FXStreet
Ghiles Guezout is a Market Analyst with a strong background in stock market investments, trading, and cryptocurrencies. He combines fundamental and technical analysis skills to identify market opportunities.
