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Dollar Edges Lower Amid Mixed Messages on Trade


Thursday, 5 December 2019 15:21 WIB

DOLLARCurrency Yen Euro


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The dollar edged lower against a basket of its rivals on Thursday as mixed messages on trade from U.S. President Donald Trump tempered hopes that China and the U.S. may soon reach an agreement to end their protracted trade war.

Trump said on Wednesday that trade talks with China were going "very well," sounding more positive than on Tuesday when he said a trade deal might have to wait until after the 2020 U.S. presidential election.

His comments on Tuesday, which raised the prospect of a long extension of the trade war between the world's two largest economies, hit market sentiment.

Movements in major currencies were muted. The safe-haven Japanese yen was steady at 108.86 per dollar by 02:56 AM ET (7:56 GMT), while the Swiss franc inched higher to 0.9879 per dollar.

The euro was a touch higher against the dollar at 1.1083, which pushed the U.S. dollar index down 0.1%.

Source : Investing.com


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