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Investing.com – The dollar rebounded from five-week lows against a currency basket on Tuesday, sending the euro and the pound to the day’s lows after fears of a trade war between the U.S. and China subsided. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, climbed 0.27% to 88.88 […]
SHANGHAI (Reuters) – China’s central bank on Tuesday lifted its official yuan midpoint to 6.2816 per dollar, the strongest level since August 2015, breaching the key 6.3 level to reflect solid spot yuan performance a day earlier. Tuesday’s midpoint <cny=pboc>was 377 pips, or 0.6 percent, firmer than Monday’s fix of 6.3193 and was the strongest since […]
By Masayuki Kitano SINGAPORE (Reuters) – The safe haven Japanese yen sagged on Tuesday, as optimism that the United States and China could begin negotiations on trade helped ease concerns about a trade war, bolstering demand for riskier assets. Global markets were shaken last week after U.S. President Donald Trump moved to impose tariffs on […]