US dollar continues slow slide as Treasury yields turn lower ...Middle East

The market is feeling better about the global economy and avoiding a trade war. The White House's Navarro even said that China tariffs could be lowered or eliminated by Trump.

The biggest move remains CAD, which isn't a surprise. It's rejecting the breakout to the 20-year high but is now approaching the recent lows. That might prove to be a durable floor since Trump hasn't cancelled tariffs but delayed them for 30 days. It won't take long before we hear leaks saying things like 'talks aren't going well' and that Trump is inclined to restart the tariffs.

This article was written by Adam Button at www.forexlive.com.

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