The yen rose against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, which spurred demand for safe-haven assets.
The yuan eased toward a two-week low in offshore trade as failure to reach a deal to roll back U.S. tariffs would cause a further slowdown in China's economy and complicate efforts to keep growth on track.
Some traders are also wary of risk after U.S. lawmakers sent two bills intended to support protesters in Hong Kong to the White House for U.S. President Donald Trump to sign or veto.
The yen rose 0.14% to 108.49 per dollar on Thursday.
The dollar weakened slightly to $1.1077 versus the euro but held steady at $1.2923 against the British pound.
Source : Reuters
The euro was steady against the dollar on Friday, though the greenback was headed for its worst week since mid-October, dragged down by nervousness around U.S.-China trade relations and hints of weakness in the U.S. economy. The resurgent kiwi enjoyed a hefty recovery thanks to some renewed risk ap...
The dollar nursed a week of losses on Friday, hit by nervousness on trade and mixed signals about the U.S. economy, while the British pound stood tall as bets firmed that Prime Minister Boris Johnson can win a commanding electoral victory. The safe havens of the Japanese yen and Swiss franc were in...
The dollar edged lower against a basket of its rivals on Thursday as mixed messages on trade from U.S. President Donald Trump tempered hopes that China and the U.S. may soon reach an agreement to end their protracted trade war. Trump said on Wednesday that trade talks with China were going "very we...
AUD/JPY plummets to 74.36 amid the Asian session on Thursday. The pair reacts to the downbeat Retail Sales and Trade Balance numbers from Australia. Australia™s October month Trade Balance slipped below 6,100M forecast to 4,502M while Retail Sales lagged behind 0.3% market consensus to 0.0%. This...
The yen advances and the Bloomberg Dollar Spot Index snaps a three-day decline as trade concerns see havens bid and high-beta currencies under modest pressure. The greenback advances versus most of its Group-of-10 peers, except yen and Swiss franc. USD/JPY slips 0.2% to 108.44, down a fifth d...