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
RELATED NEWS
Dollar in narrow range as U.S.-China tensions simmer, virus cases rise
Tuesday, 14 July 2020 08:35 WIBThe dollar was hemmed into narrow ranges against most currencies on Tuesday as renewed concerns about diplomatic tension between the United States and China and rising coronavirus cases put a dent in risk appetite. The dollar stood at 107.35 yen on Tuesday in Asia following a 0.4% gain in the previ...
Dollar Falls as U.S. Earning Season Kicks Off
Monday, 13 July 2020 23:12 WIBThe U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified. The index that measures the dollar against a basket of six other major currencies - which often serves ...
Dollar Decline Resumes As Investors Look To Economic Data, Earnings
Monday, 13 July 2020 15:21 WIBThe U.S. dollar edged lower on Monday as investors looked to incoming global economic data and U.S. corporate earnings to gauge whether the markets™ guarded optimism on the economic outlook is justified. The greenback had ended its third week of losses on Friday as investors bought into risk-sens...
Dollar starts week on back foot ahead of data, earnings
Monday, 13 July 2020 09:24 WIBThe U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from around the world and U.S. corporate earnings to gauge whether the markets™ guarded optimism on the economic outlook is justified. The greenback ended its third week of losses on Friday as...
Yen Rises on Renewed Surge In Virus Cases; Dollar Index Falls
Friday, 10 July 2020 23:28 WIBThe 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...
Gold Futures Post Their First Gain in 3 Sessions
Gold Trades Steady as Virus, Equities’ Advance Weighed
'Record-Highs in Sight': Gold on Path North of $1,800 This Week - Analysts
Gold Gains Ground As Coronavirus Cases Continue To Increase
U.S. Stock Futures Rise Amid Troubling Coronavirus Numbers
WHO Warns 'No Return to Normal' Amid Pandemic
Tuesday, 14 July 2020 10:16 WIB
The World Health Organization (WHO) warned Monday that there would be œno return to the old 'normal™ for the foreseeable future as COVID-19 cases rise across the globe.
Nearly 13 million confirmed cases of COVID-19 have been reported around...