After the Bank of Japan (BoJ) and the European Central Bank (ECB) both downgraded their economic assessments last week, it looked like the USD Index would challenge the 3-week high at 96.65 during Friday’s trading session. However, two headlines hit the newswires midway through the London session which triggered a sharp reversal in the Greenback into the weekend. The first was a rumour that an US Treasury official has speculated that this week’s mid-level meetings with Chinese trade representatives could lay the ground work for a comprehensive unwinding of trade tensions between the world’s two biggest economies. We ... (full story)