President Donald Trump said Saturday that he called off a major attack on Iran
The Federal Reserve Bank of New York sold euros for yen on behalf of the Treasury
The remarks follow previous calls by President Donald Trump
The lower-than-expected reading helped boost the outlook for Federal Reserve interest rate cuts
The Dow Jones Industrial Average rose Friday
Trump has responded with 100% tariffs on Chinese goods starting Nov. 1
The labor market is one of the most sensitive parts of the economy now
Apparent progress follows multiple rounds of discussions
France's CAC 40 and Germany's DAX were up 0.4% and 1.1%, respectively
The details of the U.S.-China pact are still sketchy
The Dow Jones Industrial Average climbed 0.8%
US stocks had broadly gained Tuesday as investors waded into the market
The U.S. Cabinet secretary noted that negotiating with China is likely to be "a slog