India, May 8 -- The U.S. dollar strengthened against other major currencies in the European session on Thursday, after U.S. President Donald Trump said he would announce "a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY," without giving further details.
The news conference in the Oval Office is scheduled for 10 a.m. Washington time. The Wall Street Journal and the New York Times reported that Trump is likely to announce a framework of a trade deal with the U.K.
Meanwhile, days before representatives of the U.S. and China are set to meet in Switzerland this weekend for talks, Trump said that the U.S. is no longer facing massive trade losses and he is unwilling to lower tariffs to get China to the table.
U.S....