Today, market sentiment is an appetite for risk. News that the United States and China will meet to discuss trade and expectations of progress in negotiations in Washington over a stimulus package are driving the current positive sentiment in the market.
The dollar retreated in the Asian session on Wednesday, following up on the previous day's losses, with more bets that the US Federal Reserve will ease monetary policy further and with investors attentive to negotiations in the US Congress on new fiscal stimulus.
Treasury yields retreated on Tuesday as investors remained pessimistic about the state of the US economy and noted the slow pace of negotiations in Congress for another package of fiscal stimulus to combat the coronavirus pandemic.
Oil has stabilized in Asia, due to fears about increased production by the Organization of Petroleum Exporting Countries, or OPEC, and allies and the US to curb rising prices.
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