Dollar falls versus yen as sentiment remains fragile on trade worries

The dollar fell against the yen as Japanese stocks opened lower on Wednesday in ...

TOKYO - The dollar fell against the yen as Japanese stocks opened lower on Wednesday in a sign markets remain nervous about U.S.-China trade frictions following major foreign exchange volatility in the previous session.

Traders await China’s central bank fixing for the onshore yuan later on Wednesday and currencies are expected to remain stable, provided there is no fresh exchange of policy or rhetorical shots between Beijing and Washington. Any rapid deterioration in sentiment would support the safe-haven yen and hasten yuan declines as there appears to be no quick resolution to China and the United States’ trade dispute, which escalated earlier this week when Washington branded Beijing a currency manipulator.

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:

Reuters /  🏆 2. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China’s Yuan Falls Past Key Level of 7 to the Dollar to Record LowChina’s currency broke through the psychologically important threshold days after President Trump threatened to broaden U.S. tariffs to cover essentially all Chinese imports.
Read more »

China sets the yuan midpoint at 6.9996 per dollar, slightly weaker than expectedDisney missed Wall Street expectations in its fiscal third-quarter earnings report on Tuesday.
Read more »

Daiso Can Give U.S. Dollar Stores A Run For Your MoneyDaiso is the dollar store category translated into Japanese, with different products, and a dramatically different retail culture than its U.S. counterparts.
Read more »

China sets its yuan midpoint at stronger than 7 per dollarOn Tuesday morning, the People's Bank of China set the yuan fixing at 6.9683.
Read more »

China's yuan drops below 7 per dollar as trade war escalatesChina let its yuan weaken below 7 to the dollar on Monday, an 11-year low, addin...
Read more »

China's yuan slumps beyond 7 per dollar as trade war escalation raises economic fearsChina's yuan skidded against the U.S. dollar on Monday, weakening beyond th...
Read more »