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8/27/2018, 6:45 PM (Source: TeleTrader)
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Dollar weakens on US-Mexico trade deal

Prices of sovereign debt issued by the United States declined further on the wings of gains in stock markets after President Donald Trump announced a breakthrough in bilateral talks with Mexico. The dollar, which has been the main safe haven asset amid the surge in protectionist rhetoric in the past several months, declined against peers, including currencies of the partner countries from the North American Free Trade Agreement.

Canada was urged to return to the table, with the aim to finish talks before the end of the week. Gold and silver showed moderate gains. The euro advanced 0.61% to $1.1692 at 6:43 pm CET, setting a record since August 1. The greenback fell 0.44% to 0.97905 Swiss francs, the lowest level since June 7. It slipped 0.18% to ¥111.045.

The dollar lost 0.46% against its Canadian namesake, also known as the loonie, and changed hands for C$1.29607. Earlier it touched C$1.29525, the weakest point since June 14. The exchange rate versus the Mexican peso fell 1.12% to 18.701. The session low, at 18.6036, was last seen on August 9.

Breaking the News / IT