SINGAPORE - The dollar found broad support on Friday as fresh signs of a global economic slowdown and little visible progress toward a Sino-U.S. trade truce put investors in a risk-averse mood.
White House economic advisor Larry Kudlow told an event at the Council on Foreign Relations in Washington late on Thursday that a deal was “getting close”, but offered no new details and similarly failed to shift the sentiment. “Once that risk event’s cleared, it would be a positive development,” said Jason Wong, senior market strategist at BNZ in Wellington. “But until we’ve got the word from Donald Trump, no-one’s really willing to get in front of it.”
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