The dollar and the safe-haven yen found support on Wednesday as a lack of clarit...
at $1.1077 and against a basket of currencies .DXY the dollar last traded a little stronger at 97.862., regarded as a safe-haven by virtue of Japan's status as the world's biggest creditor, touched 108.37 per dollar, its highest since Friday.
The United States and China have been locked in tit-for-tat tariff hikes that have dented the global economy. However, speaking at a cabinet meeting at the White House overnight, Trump noted that China was “moving along,” but any deal would need to be one he liked. The U.S. Senate’s unanimous passage of a bill aimed at protecting human rights in Hong Kong amid a crackdown on demonstrations was also seen likely to raise tensions between the negotiating parties.
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