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Major currencies hardly budge, trapped by U.S.-China trade


Wednesday, 27 November 2019 08:36 WIB

DOLLARCurrency Euro


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Major currencies hardly budged on Wednesday as traders looked ahead to the final outcome of U.S.-China trade talks and a shortened holiday week in the United States.

Against the yen the dollar was traded at 109.05 yen off two-week high of 109.205 touched on Tuesday amid mild optimism that Washington and Beijing could soon sign a deal to put a hold on their 16-month trade spat.

The euro stood at $1.1023 little changed so far this week. Trade is slowing down ahead of the Thanksgiving holiday on Thursday in the U.S., before which some major players will have wind down most of their trade for the year.

U.S. President Donald Trump said on Tuesday Washington was in the “final throes” of work on a deal that would defuse a 16-month trade war with Beijing.

Source : Reuters


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