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Dollar, yen supported as caution prevails on mixed trade signals


Wednesday, 20 November 2019 08:36 WIB

DOLLARCurrency YenAussie


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The dollar and the safe-haven yen found support on Wednesday as a lack of clarity on U.S.-China trade talks kept investors cautious ahead of the release of minutes from the U.S. Federal Reserve's last policy meeting.

Moves were slight as jaded traders again weighed mixed messages on trade, with more upbeat reports offset by U.S. President Donald Trump delivering yet another warning of more tariffs if talks fail.

After falling overnight, the greenback rose a little on the Australian dollar to $0.6824 and on the New Zealand dollar to $0.6426.

It was marginally higher against the euro at $1.1077 and against a basket of currencies  the dollar last traded a little stronger at 97.862.

The yen regarded as a safe-haven by virtue of Japan's status as the world's biggest creditor, touched 108.37 per dollar, its highest since Friday.

Source : Reuters


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