Market News
Dollar set for first weekly gain since March on signs of easing in US-China tensions - REUTERS
Summary
- Dollar set for first weekly rise since mid-March
- China grants some U.S. tariff exemptions
- U.S. negotiations with allies Japan, South Korea making progress
- Sterling ignores strong UK retail sales
LONDON, April 25 (Reuters) - The dollar headed for its first weekly gain since mid-March on Friday after China granted some tariff exemptions for U.S. imports, raising hopes that the trade war between the world's two largest economies may be closer to abating.
The U.S. currency has been whipsawed this week by conflicting signs for a thaw in the fraught relations between Washington and Beijing.
On Tuesday, U.S. President Donald Trump suggested a de-escalation of their tit-for-tat tariff battle, saying direct talks were already underway.
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By Friday, a number of businesses that had been notified of the changes said China had granted some
