The U.S. dollar rallied sharply while government bonds declined as markets responded positively to a breakthrough in trade talks between the United States and China. The two economic giants agreed to temporarily reduce certain tariffs for a period of 90 days.
The U.S. Dollar Index rose by +0.5% as well as the Japanese yen, which typically rallies as a safe haven, weakened in response to the increased risk appetite across many types of asset classes after the news.
