Yen slips, yuan advances as U.S.-China trade ceasefire lifts investor mood

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Yen slips, yuan advances as U.S.-China trade ceasefire lifts investor mood
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The yuan gained and the safe-haven yen slid against the dollar on Monday as appe...

TOKYO - The yuan gained and the safe-haven yen slid against the dollar on Monday as appetite for risk-sensitive currencies improved after the United States and China agreed to restart their troubled trade talks.

Trump also said the U.S. Commerce Department would study over the next few days whether to take Huawei [HWT.UL] off the list of firms banned from buying components and technology from U.S. companies without government approval. Economists polled by Reuters expect U.S. non-farm payrolls, which will be released on Friday, to have risen to 160,000 in June from 75,000 in May.

“Some Fed officials curbed easing views recently and the data will help the market get a clearer picture of whether the Fed stands poised to cut rates this month.”

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