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June 12, 2018

AvaTrade, Trump-Kim Summit ended well and Markets react positively

Trump-Kim Meeting “Better than Expected”. After USA, North Korea summit, markets are starting to react…

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This article is originally referred from Avatrade News.

Can the USD keep its positive momentum?

The Trump-Kim Summit that took place in Singapore was a truly historical event, and both leaders commented that the outcome of the meeting was far better than expected.

In the official press conference after the meeting, Trump revealed that North Korea has committed to complete denuclearization and will release US held prisoners.

In return, the US will stop their military exercises in South Korea.

On the back of this news, global markets responded positively with most major indexes edging higher, including the EURUSD and USDJPY.

On the flip side, the positive movement of the dollar is resulting in gold slipping lower.

What do you think?

Will the markets continue to react positively and send the dollar even higher, or will it be short lived?

Original Source: Avatrade News

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