The dollar hovered below 2-1/2-month highs against the yen on Tuesday, failing t...
SYDNEY - The dollar hovered below 2-1/2-month highs against the yen on Tuesday, failing to extend recent gains as optimism over trade negotiations between the world’s two largest economies and for an orderly British exit from the European Union started to fade.
“Media reports suggest China wants another high-level meeting later this month to finalize Friday’s agreement, suggesting that not all the details are nailed down,” said Alex Stanley, senior interest rate strategist at National Australia Bank. A Bloomberg report on Monday, citing sources, said China wants more talks as soon as the end of October to hammer out the details of Trump’s phase 1 deal before Chinese President Xi Jinping agrees to sign it.remained relatively firm versus the dollar in onshore trade, a day after it hit a two-month high of 7.0494. It last traded at 7.0738 per dollar, a touch lower on the day.traded at 7.0760 against the greenback, off Monday's one-month high of 7.0503.
Sterling slipped from a three-month high touched on Friday as last week's euphoria gave way to doubts over whether a timely Brexit deal could be clinched. The pound was last quoted at $1.2611A deal to smooth Britain’s departure from the EU hung in the balance on Monday after diplomats indicated the bloc wanted more concessions from Prime Minister Boris Johnson and said a full agreement was unlikely this week.
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