CNBC: Dollar higher after data with Trump-Xi summit underway

“It’s very difficult for FX traders or investors in general to place bets right now when the outcomes from a fundamental standpoint haven’t shifted all that much,” said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions in Toronto.

“It’s remarkable the extent to which there was no surprise in ⁠today’s print ... ‌when we look at the fundamentals here, American consumers are still spending. They ⁠are telling pollsters that they’re more cautious, but at the same time, they’re not walking the talk, they’re spending as they have.”

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