The yen eased and the euro held firm to the dollar on Thursday as hopes of a tra...
TOKYO - The yen eased and the euro held firm to the dollar on Thursday as hopes of a trade deal between the United States and China lifted risk appetite globally, while the sterling gained after the UK parliament approved legislation to seek a Brexit delay.
The euro was up 0.1 percent to the U.S. dollar at $1.1240. The single currency had fallen to its lowest levels in more than three weeks on Tuesday and neared $1.1177, which, if broken, would send the currency to its weakest level since June 2017. The White House also announced President Donald Trump will meet later on Thursday with Chinese Vice Premier Liu He in Washington.
“But the market has already priced in expectations that Washington and Beijing will soon reach a deal, so it’s questionable how much further currencies can move.”
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