DJIA21413.44
LIVE469.93(2.24%)
NDX7635.66
LIVE149.37(2.00%)

Yen rises, offshore yuan dips on caution over Sino-U.S. trade talks


Monday, 7 October 2019 09:01 WIB

DOLLAR YuanSterling,Yen Jepang


c_740_198_16777215_00_images_assets_CURRENCY3_yenjepang.jpg

The yen gained slightly and the yuan slipped a tad in early Asian trade on Monday on a media report that China wants the scope of this week's trade talks and any deal with the United States to be narrow.

Bloomberg reported that Chinese officials are signaling they are increasingly reluctant to agree to a broad trade deal pursued by U.S. President Donald Trump.

That report knocked down the dollar against the yen during thin early Monday trade to as low as 106.55 yen .

The U.S. currency has so far found some support around a one-month low of 106.48 touched last week.

It last traded at 106.82 yen , down 0.11% from late Friday U.S. levels.

The yuan weakened about 0.20% in offshore trade to 7.1285 yuan per dollar . There was no onshore trading as Monday is the last day of China's holiday break for its national day.

As the dollar has lost momentum, the euro stood at $1.0982 (EUR=), up 0.02% in Asia, recovering little by little after having hit a near 2 1/2-year low of $1.0879 last Tuesday.

Sterling traded little changed at $1.2336 , with uncertainties on Brexit keeping many investors on the sideline.

Source: Reuters


RELATED NEWS

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.