Yen Holds Firm While Investors Wait For Trade Deal Signing
Wednesday, 15 January 2020 08:56 WIB | CURRENCIES |SwissFranc Euro YenDolar

The safe-haven yen held firm and riskier Asian currencies softened a little on Wednesday, as currency investors awaited the signing of the U.S.-China trade deal with trepidation.

The formal agreement is aimed at drawing a line underneath 18 months of tit-for-tat tariff hikes that have hurt global growth.

But hopes that it may herald warmer relations between the world™s top two economies were dented late Tuesday when U.S. Treasury Secretary Steven Mnuchin said that current tariffs on Chinese goods would stay, pending further talks.

That toppled China™s trade-sensitive yuan from a six-month peak and lifted the yen from a seven-month trough. But moves in morning trade were slight as markets wait to see the deal inked.

The yuan is the currency most sensitive to Sino-U.S. trade relations, and it retreated 0.2% to 6.8990 in offshore trade.

The yen was nearly 0.1% firmer at 109.91. The euro was steady at $1.1129 and the Swiss franc held on to overnight gains to sit at 0.9672 per dollar.

Source : Reuters

RELATED NEWS

Dollar in narrow range as U.S.-China tensions simmer, virus cases rise
Tuesday, 14 July 2020 08:35 WIB

The 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 WIB

The 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 WIB

The 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 WIB

The 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 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...

ANOTHER NEWS
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...

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.