The dollar bounced off a two-year low on as dollar selling pressure faded ahead of a Fed and on hopes for the next U.S. stimulus package.
As COVID-19 cases rise worldwide, investors remain in doubt about a quick financial recovery while the global economy could surrender without fresh stimulus.
In a response to being ordered to close its consulate in Houston, China bites back with ordering the U.S. to shut its consulate in Chengdu.
Britain and the European Union clashed on Thursday over a free trade agreement. UK gave up hope as Brussels deemed it “unlikely”.
The US-China consulate incident escalates tension between the two economic giants and opens another chapter in the US-China saga.