YEN BACKPEDALS ON HOPES OF US CHINA TRADE WAR IMPROVEMENT
Publish Date : 2019/08/30 - 05:22

YEN BACKPEDALS ON HOPES OF US-CHINA TRADE WAR IMPROVEMENT


Tokyo (Reuters) – US dollar stood against Japanese yen as beinjing said US and China can have a negotiation to resolve their prolonged trade disputes which it increased the hopes.

Additionally,US dollar was supported by investors which made the US index to rise to its highest in a month.

Dollar index managed to reach 98.554 on Thursday which is the highest price seen on 1st August.

Moreoever,US dollar reached 106.53 against Japanese yen.

Chinese commerce ministry said on Thursday that US and China are discussing the next round of face-to-face talks on September.

US president Donald trump said there were some talks on Thursday ahead of the deadline to increase tariffs on 1st September.

Signs of talks were enough to alleviate the concerns over tensions which intensified last week after the two countries were imposing tarrifs on each other.

Source:Reuters

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