The US dollar had a turbulent week amid the jobs report, movements in stocks, and as a trade deal between the US and China seems real. The US Mid-Term Elections stand out in a busy week that also includes a Fed decision and quite a few top-tier figures. Here the highlights for the next week.

Stocks initially continued struggling amid reports that the US will announce new tariffs on China. Things turned around later in the week after Trump talked to his Chinese counterpart Xi and then asked his cabinet to draft a trade deal. The news sent risk currencies soaring against the safe-haven USD and JPY. Earlier in the week, the euro was under pressure. Italy reported no growth in Q3, making the crisis more difficult to resolve. German Chancellor Angela Merkel announced she will not run again after disappointing results in regional elections. In the UK, the government’s budget was optimistic but was perceived by many market participants as a step towards elections and more uncertainty.

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