The dollar was supported on Monday, with the market's risk appetite delicat...
SINGAPORE - The dollar was supported on Monday, with the market’s risk appetite delicately balanced after talks in Washington between U.S. and Chinese trade deputies were described as “productive”.
Moves were relatively slight, however, with volumes dampened by a public holiday in Japan and by the anticipation that central banks on both sides of the Tasman Sea will sound dovish in scheduled remarks this week. The dollar rose a touch over 0.1% to buy 107.70 Japanese yen. It gave up the roughly same amount of ground to the Australian and New Zealand dollars, trading at $0.6768 on the Aussie and $0.6268 to the kiwi.
A U.S.-China trade breakthrough had seemed unlikely after President Donald Trump told reporters on Friday he was “not looking” for a partial deal, and Chinese officials then cancelled goodwill visits to U.S. farmers.
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