The US dollar is rising today

The US Dollar experienced a noticeable rise today, supported by the easing of fears about a possible trade war between the United States and China, as well as the decline of some geopolitical flashpoints around the world.

Progress in trade talks between Washington and Beijing

US Treasury Secretary Steven Mnuchin pointed out that the talks between the United States and China in Switzerland over the weekend resulted in tangible progress, easing concerns about the escalation of the trade war between the two economic giants.

The two countries are expected to issue a joint statement on Monday, revealing more details about the results of the talks.

The market is hoping for more clarity on the agreements concluded between the two sides, which may strengthen investor confidence and indicate that the peak of trade tensions and the imposition of mutual tariffs may be over.

Easing geopolitical tensions

On the geopolitical front, some positive developments contributed to the support of market sentiment:

India and Pakistan:

The two countries, possessing a nuclear arsenal, announced a ceasefire after 4 days of military confrontations, which eased tension in the region.

Ukraine and Russia:

Ukrainian President Volodymyr Zelensky expressed his readiness to meet with his Russian counterpart, Vladimir Putin, in Turkey next Thursday, in an attempt to hold direct talks between them for the first time since the first months of the Russian invasion of Ukraine in 2022.

Hamas and the entity:

Trump is trying to end the war in Gaza during the current period, especially before his visit to the Gulf this weekend.