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[size=36]Dollar steady and the yuan rises amid caution ahead of trade talks[/size]
Economy | 10:59 - 08/10/2019
Follow - up to the balance of News The
dollar was supported on Tuesday as investors awaited the result of the important US - China trade talks in Washington , many of whom caution is envisaged , as well as showed no signs of making concessions during the negotiations.
The Chinese yuan rose in domestic and foreign trade as Chinese markets returned to work after a week-long holiday.
The Australian and New Zealand dollars, mostly tied to global trade, have risen as investors cut their bets. Traders have warned that the move could fade when the tone of trade talks in Washington becomes clear.
Hopes for a breakthrough are not high, but some investors are trying to reduce their positions, albeit temporarily, given the difficulty of predicting the outcome of trade negotiations.
The dollar rose 0.14 percent to 107.18 yen, nearing a one-week high hit on Monday.
Against a basket of currencies, the dollar rose to 98.959.
The Chinese currency rose on the domestic market and the yuan traded at 7.1263 per dollar, up from the previous close of 7.1480 against the dollar on September 30. On the foreign market, the yuan gained 0.1 percent to 7.1257 against the dollar.
The Australian dollar rose 0.24 percent to 0.6748 US dollars, while the New Zealand dollar advanced 0.46 percent to 0.6318 dollars.
The euro was steady at $ 1.0975 as the single currency rose slowly from a 2-1 / 2-year low hit last week.
The pound was trading in the latest trading at $ 1.2296
dollar was supported on Tuesday as investors awaited the result of the important US - China trade talks in Washington , many of whom caution is envisaged , as well as showed no signs of making concessions during the negotiations.
The Chinese yuan rose in domestic and foreign trade as Chinese markets returned to work after a week-long holiday.
The Australian and New Zealand dollars, mostly tied to global trade, have risen as investors cut their bets. Traders have warned that the move could fade when the tone of trade talks in Washington becomes clear.
Hopes for a breakthrough are not high, but some investors are trying to reduce their positions, albeit temporarily, given the difficulty of predicting the outcome of trade negotiations.
The dollar rose 0.14 percent to 107.18 yen, nearing a one-week high hit on Monday.
Against a basket of currencies, the dollar rose to 98.959.
The Chinese currency rose on the domestic market and the yuan traded at 7.1263 per dollar, up from the previous close of 7.1480 against the dollar on September 30. On the foreign market, the yuan gained 0.1 percent to 7.1257 against the dollar.
The Australian dollar rose 0.24 percent to 0.6748 US dollars, while the New Zealand dollar advanced 0.46 percent to 0.6318 dollars.
The euro was steady at $ 1.0975 as the single currency rose slowly from a 2-1 / 2-year low hit last week.
The pound was trading in the latest trading at $ 1.2296
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