US Dollar drops against European Common Currency

During Thursday, October 10, the US Dollar depreciated 50 pips or 0.46% against the European Common Currency. Most analysts believe, the decline occurred due to upcoming trade talks between the US and China.

However, note that the demand for yellow metal as for a safe-haven asset remained unchanged, as there were no significant movements in the XAU/USD exchange rate.

Also, the demand for the Japanese Yen as for a safe-haven currency was not affected. Therefore, it is likely that the abovementioned drop of the Greenback is not related to the US-China trade tensions.