💵 The US dollar continues to rise amid positive trading conditions!
The US dollar has risen for the second consecutive day, reaching 99.25 points, following a strong rally driven by hawkish comments from Jerome Powell, the Chairman of the Federal Reserve.
In the background, investors are monitoring the details of the anticipated trade agreement between the United States and China. US President Donald Trump announced a "great" conversation with Chinese President **Xi Jinping**, which included:
✅ Reducing mutual tariffs
✅ Allowing free trade for Chinese rare metals
✅ China's commitment to resume purchasing US soybeans
In return, the Chinese President emphasized the importance of accelerating the completion of the agreement's details to provide tangible results that calm the markets and boost confidence in the global economy.
The market is currently watching cautiously, as it seems that reaching a comprehensive agreement is very close.
📈 Will this agreement be a catalyst for further increases in the dollar and global markets?