The yen gained slightly and the yuan slipped on Monday as investors nervously aw...
TOKYO/SINGAPORE - The yen gained slightly and the yuan slipped on Monday as investors nervously awaited U.S.-China talks this week for signs of whether the two sides can de-escalate or end their punishing trade war.
“Nothing is yet in the bag, and optimism on trade has proved time and again to be misplaced,” said Rob Carnell, Asia-Pacific chief economist at ING. Other trade-exposed currencies such as the Australian dollar and the Korean won also fell on doubts that much will be achieved at the trade negotiations.
The jitters knocked the dollar from a two-year high last week, and it remained subdued on Monday. Against a basket of major currencies it was steady at 98.818 - almost a percentage point below its week-ago peak.Trump last month delayed hiking levies on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15, “as a gesture of good will,” while China has again begun purchasing U.S agricultural goods.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yen rises, offshore yuan dips on caution over Sino-U.S. trade talksThe yen gained slightly and the yuan slipped a tad in early Asian trade on Monda...
Read more »
Yen rises, offshore yuan dips on caution over Sino-U.S. trade talksThe yen gained slightly and the yuan slipped a tad in early Asian trade on Monda...
Read more »
Asia markets to trade higher ahead of this week's US-China trade talksPrincipal-level trade negotiations between the United States and China are set to begin on Thursday in Washington.
Read more »
Busan: Hirokazu Kore-eda Calls For Artistic Solidarity Across Borders Amid Japan-Korea Trade WarThe acclaimed auteur urged for Japanese and Korean artists to show support for one another to overcome their countries' fraught political situation, while also praising his regional peers, such as China's Jia Zhangke and Korea's Lee Chang-dong.
Read more »
U.S. stocks notch solid gains as job report allays worriesWall Street ended a choppy week of trading with a broad rally that drove the Dow Jones Industrial Average more than 370 points higher.
Read more »
Asian shares buoyed by U.S. jobs, trade talks in focusAsian shares edged higher on Monday after data showed the U.S. unemployment rate...
Read more »