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U.S President Donald Trump declared Tuesday that talks with China on the first phase of a trade deal were near completion after negotiators from both sides spoke by phone, signaling progress on the accord in the works for nearly two years.
“We’re in the final throes of a very important deal,” Trump told reporters at the White House. “It’s going very well.”
Negotiations have been complicated by strong support in the U.S. for pro-democracy demonstrators in Hong Kong and China’s suspicions that the U.S. is feeding unrest in the territory.
Trump gave no indication about whether he would sign legislation Congress passed last week backing the protest movement in Hong Kong.

(Source: Bloomberg)

Bank of Jamaica (BOJ) Governor, Richard Byles, says the sale of US$140Mn to the foreign exchange market has served to satisfy extraordinary currency demand, which surfaced in recent weeks.
The spike was related to the demand for portfolio transactions and seasonal restocking by retailers ahead of the Christmas period.
Speaking at the BOJ’s quarterly briefing last Thursday, Mr. Byles said this spurred a 5.2% (J$7.07) depreciation in the value of the dollar between October 1 and November 12, “despite normal daily inflows”.
Additionally, he said it reversed the 1.8% appreciation that occurred in September, “and erased the sense of normal two-way movement in the exchange rate that had been evident for an extended period prior to October 2019”.
However, Mr. Byles said consequent on the BOJ’s sale of the US$140 million, via five BOJ Foreign Exchange Intervention and Trading Tool (B-FXITT) flash sale operations to authorized dealers and cambios, “we have observed that the exchange rate has adopted an appreciating trend since November 13”.

(Source: JIS)

Dominican Republic’s consumer price index (CPI) registered a variation of 0.67% in October 2019 compared to September and the accumulated inflation in the January-October period stood at 3.06%.
With this result, year-on-year inflation, measured from October 2018 to October 2019, stood at 2.48%, staying below the lower limit of the target range of 4.0% ± 1.0% established in the Monetary Program, indicates the Central Bank (BCRD).
The group with the greatest contribution to the variation in the general CPI was Food and Non-Alcoholic Beverages, with an increase of 1.2%, accounting for approximately half of the month’s inflation. They are followed by Transportation, with an inflation of 0.8%, Alcoholic Beverages and Tobacco (2.4%) and Housing (0.6%).

(Source: Dominican Today)