Safe Haven Yen Drifts Lower as Trade Tensions Ease
Monday, 23 September 2019 15:19 WIB | CURRENCIES |DOLLARCurrency Yenpound

The safe haven yen drifted lower against the other major currencies on Monday as risk appetite improved after two days of trade talks between the U.S. and China in Washington, which were described as productive.

The dollar pushed higher against the yen, climbing 0.1% to 107.72 by 2:58 AM ET (6:58GMT), while the euro also gained ground against the Japanese currency, rising 0.1% to 118.66.

Trade volumes remained thin with markets in Japan closed for a holiday.

A U.S.-China trade breakthrough had seemed unlikely after President Donald Trump told reporters on Friday he was "not looking" for a partial deal, and Chinese officials unexpectedly cancelled goodwill visits to U.S. farmers.

Against a basket of currencies the dollar was mostly flat around 98.18 and it was little changed against the euro at 1.1008.

The British pound was down 0.14% to 1.2457, after toppling on Friday from a two-month high on Friday as hopes for a Brexit deal soured. On Monday, British Prime Minister Boris Johnson also cautioned against the likelihood of a breakthrough.

Source : Investing.com

RELATED NEWS

Yen Rises on Renewed Surge In Virus Cases; Dollar Index Falls
Friday, 10 July 2020 23:28 WIB

The safe-haven Japanese yen climbed to a two-week peak against the dollar on Friday, lifted by concerns about a surge in coronavirus infections in the United States and around the world. The yen was on track to post its largest daily percentage gain against the dollar in about a month. The greenbac...

Japanese Yen Gains as Virus Caution Weighs
Friday, 10 July 2020 15:52 WIB

The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen, while risk-sensitive currencies lost ground. More than 60,000 new COVID-19 cases were reported across the United States on Thursday, the largest ...

Dollar rises from four-week low as US stocks retreat
Thursday, 9 July 2020 23:28 WIB

The dollar rallied from a four-week low in choppy trading on Thursday, enhancing the greenback's safe-haven appeal, as U.S. stocks fell with market sentiment turning cautious as the United States hit another record high on new coronavirus cases. The euro, meanwhile, fell from a one-month high versu...

Dollar Gives Ground to Higher-Risk Currencies as Chinese Shares Soar
Thursday, 9 July 2020 15:12 WIB

The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. China's yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increase...

Dollar Retreats Over Increased Hopes of Economic Recovery
Thursday, 9 July 2020 13:16 WIB

The dollar was down on Thursday morning in Asia, with investors retreating from the safe-haven asset over increased hopes of an economic recovery. Corporate earnings from U.S. companies such as Apple and Amazon are due next week, increasing investor risk appetite. But the increase was capped by ev...

ANOTHER NEWS
Dow ends nearly 370 points higher as Nasdaq logs another record close
Saturday, 11 July 2020 03:29 WIB Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according to preliminary figures, while the S&P 500...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.