US dollar banknote and rising stock graph are seen in this illustration taken April 25, 2025. REUTERSUS dollar banknote and rising stock graph are seen in this illustration taken April 25, 2025. REUTERSWall Street stock futures jumped and the dollar firmed against safe haven peers on Monday as signs of progress in US-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come. The dollar added 0.4% on the safe haven yen to reach 145.90, though it was off an early five-week peak of 146.31. Oil prices went the other way on hopes progress in trade talks would lessen the risk of a major economic downturn, though plans for increased supply by OPEC+ remain a headwind.

Source: bd News24 May 12, 2025 03:00 UTC