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