TOKYO - The dollar hovered near a six-week low versus the yen early on Thursday, weighed down against its safe-haven Japanese peer as risk aversion gripped broader markets amid concerns that the U.S.-China trade conflict could escalate.
The U.S. currency stood at 109.905 yen after going as low as 109.70 overnight, its weakest since March 25. Washington has accused Beijing of backtracking on commitments made during trade negotiations and U.S. President Donald Trump has threatened to hike existing tariffs on Chinese goods on Friday and impose fresh levies soon if there is no deal.
“While the possibility of the upcoming U.S.-China trade talks falling through is not yet a main scenario, the currency market is gradually beginning to price in such a likelihood.”
Yen is Japanese. Not Chinese.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar left to drift as Fed steers steady courseThe dollar was content to consolidate in Asia on Thursday after recovering from ... We don’t can get what’s using after meeting the other place
Source: Reuters - 🏆 2. / 97 Read more »
Dollar recovers after overnight stumble; BOE eyedThe dollar recovered on Thursday after suffering some brief losses overnight wit...
Source: Reuters - 🏆 2. / 97 Read more »
US Navy destroyers sail near disputed islands claimed by China in South China SeaTwo U.S. guided missile destroyers sailed near disputed islands claimed by China in the South China Sea on Monday, the U.S. Navy says in a statement. These islands were all developed and built under the Obama administration, without any objections. they will keep doing so, and China's pathetic navy can't do anything about it. Great!
Source: ABC - 🏆 471. / 51 Read more »
Cramer Remix: China needs us more than we need ChinaJim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy. We owe China money. Correct Nicely written, hope more people will understand how important crypto is becoming. Higly recommend to check instacryptonews , they are great in delivering news fast.
Source: CNBC - 🏆 12. / 72 Read more »
Asian shares flatline after Fed's neutral messageAsian markets marked time on Thursday with two major centers - Japan and China -...
Source: Reuters - 🏆 2. / 97 Read more »
Huawei Has Taken Over Apple's Market Share In China; It Will Get WorseWait until Hauwei launches its own operating system. Then even Google will have a new rival. Good That is why US is kidnapping the CEO’s daughter in Canada! Patriotic Kidnapping Marketing
Source: Forbes - 🏆 394. / 53 Read more »
Dollar holds tight ranges, U.S.-Sino trade talks in focusThe dollar hung near a five-week low against the yen on Tuesday after worries ab...
Source: Reuters - 🏆 2. / 97 Read more »
Yen firms to six-week high on growing trade worries, NZ dollar dipsGrowing fears about the impact of a worsening U.S.-Sino trade conflict on global...
Source: Reuters - 🏆 2. / 97 Read more »
How To Trade The China Trade WarRun? Emerging market specialists still bet on a deal. But overall, pessimism is starting to set in. How long that lasts depends on this week's trade talks in Washington. Buy China on the dip. Watch out for electronics. The last round did not end the world, this one won't either. Buy companies that move the supply chain.
Source: Forbes - 🏆 394. / 53 Read more »
How To Trade The China Trade WarRun? Emerging market specialists still bet on a deal. But overall, pessimism is starting to set in. How long that lasts depends on this week's trade talks in Washington. Collective efforts of one billion Chinese people is helping China stay in race. Who is number 1? Is this trade war end in this weekend?
Source: Forbes - 🏆 394. / 53 Read more »
China may withdraw from this week's trade talks with U.S. after Trump threats: reportChina may pull out of trade talks scheduled for this week in Washington after President Donald Trump said he would raise tariffs on $200 billion in Chinese... Hey Donald: Nice move, bowels. Long game. This is a fight we have to win SEC gets on elonmusk balls about tweeting about Telsa why don’t SEC fine the government for tweeting nonsense 😡
Source: MarketWatch - 🏆 3. / 97 Read more »