Forexlive Americas FX news wrap:USD moves higher as flows shift from other currencies Major US indices close higher for the 4th consecutive week Key economic releases and events next week WTI crude oil futures settle at $92.09 US, Indo Pacific coordinator: Chinese Pelosi visit as pretext to launch pressure campaign Baker Hughes weekly oil rig count 3 to 601 Wall Street Journal: Chinese President Xi to meet with US Pres. Biden German DAX leads the way in the European stock market despite Rhine river concerns A German container operator said they are to all operations to the upper Rhine Fed Barkin. Would like to see a period of sustained inflation under control U. of Michigan consumer sentiment prelim survey for August rises to 55.1 vs. 52.5 estimate Rhine River in Germany falls to critical 40cm mark at a key German waypoint. EURUSD falls. US import prices for July fell by -1.4% vs. -1.0% estimate The USD is the strongest and the GBP is the weakest as the NA session begins ForexLive European FX news wrap: Dollar firms on more pensive mood in market The USD moved higher in trading today as focus shifted from the lower inflation seen this week in the US to the troubles in other nations.