The dollar held an upper hand against the yen on Tuesday as optimism on a trade ...
TOKYO - The dollar held an upper hand against the yen on Tuesday as optimism on a trade deal between the United States and China dented the allure of the safe-haven unit while the British pound was supported by hopes of an end to a hung parliament.
China’s Global Times, a tabloid run by the ruling Communist Party’s official People’s Daily, said on Monday on its Twitter feed the two countries are very close to a “phase one” trade deal, discounting “negative” media reports.JPY=“China appears positive to the deal. The dollar could rise further to around 109.50 if U.S. officials will visit China,” said Yukio Ishizuki, senior strategist at Daiwa Securities.
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