The dollar gave a little ground to riskier Asian currencies on Thursday, as inve...
SINGAPORE - The dollar gave a little ground to riskier Asian currencies on Thursday, as investors hoped the Sino-U.S. trade deal could herald warmer relations between the world’s two biggest economies and help to revive global growth.
U.S. Vice President Mike Pence said further Phase 2 discussions had already begun as negotiators work to resolve differences. “If you think that the trade situation is not going to be a bigger drag than it was over the last couple of years, then that’s the glass half full interpretation of the outlook.”
The greenback was also marginally lower against the euro and pound, nursing overnight losses. Against a basket of currencies the dollar sat at 97.195. Yet it addresses few of the issues that led to the trade conflict in the first place, checking potentially more dramatic market moves.
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