DJIA27881.72
LIVE-27.88(-0.10%)
NDX8354.29
LIVE-8.45(-0.10%)

Yen Gains despite Trade War Reprieve, Euro Steady


Wednesday, 14 August 2019 15:17 WIB

DOLLARCurrency Yen Euro


c_740_198_16777215_00_images_assets_CURRENCY2_12YenThinkstockphotos-514214121.jpg

The safe haven yen was higher on Wednesday despite a decision by U.S. President Donald Trump to postpone additional tariffs on some Chinese imports, as investors remained skeptical over prospects for a swift resolution to the trade spat.

The temporary reprieve in the trade war supported risk-off trades on Tuesday, but analysts warn that the optimism is already fading over a resolution to the trade war between the world’s two largest economies, which has threatened global economic growth.

The dollar was down 0.28% to 106.42 yen by 04:00 AM ET (08:00 GMT) .

The Australian dollar also fell 0.6% to 72.15 yen while the New Zealand dollar fell 0.3% to 68.71 yen. Against the offshore yuan , the dollar rose 0.2%.

The U.S. dollar index, measuring the greenback against a basket of six currencies was little changed at 97.58 after jumping 0.4% on Tuesday. The euro was a touch higher against the dollar at 1.1182.

Source : Investing.com


RELATED NEWS

  • The British pound hit 31-month highs against the euro on Monday and hit seven-month highs against the U.S. dollar amid growing confidence about a Conservative Party victory in Thursday’s U.K. election...

POPULAR NEWS

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.