(Daily Stock Dish) Stocks rose on Thursday after U.S. President Donald Trump said he would meet with China’s top trade negotiator on Friday, while the British pound rallied after the prime ministers of Britain and Ireland revived hopes of a possible Brexit deal.
Sterling jumped just shy of 2%, on track for its largest gain against the dollar in seven months, after Irish Prime Minister Leo Varadkar said a Brexit deal could be clinched by the end of October after what he called a very positive meeting with Boris Johnson.
The risk-on environment weighed on the greenback, and even harder on Japan’s yen.
“With a Brexit deal looking more likely and U.S.-China talks showing more progress, it’s just clear that the dollar is losing some safe-haven demand,” said Juan Perez, senior currency trader at Monex Inc in Washington.
