US dollar holds gains on progress in U.S.-China trade talks

//US dollar holds gains on progress in U.S.-China trade talks

The dollar held on to its gains versus the yen and the Swiss franc on Friday as a China-U.S. agreement to roll back tariffs on each others’ goods supported riskier assets, even as some reports suggest a preliminary trade pact is far from a done deal. The yen also nursed losses against the euro and the Australian dollar as progress in resolving a 16-month long trade war between the world’s two largest economies weakened demand for safe havens. China and the United States have agreed to roll back tariffs on each others’ goods in a “phase one” trade deal if it is completed, officials from both sides said on Thursday. … (full story)

2019-11-08T12:53:40+00:00