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The yuan and the dollar are climbing strongly and safe haven currencies are falling after the trade truce DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The yuan and the dollar are climbing strongly and safe haven currencies are falling after the trade truce

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The yuan and the dollar are climbing strongly and safe haven currencies are falling after the trade truce Empty The yuan and the dollar are climbing strongly and safe haven currencies are falling after the trade truce

Post by RamblerNash on Mon Jul 01, 2019 11:15 am

The yuan and the dollar are climbing strongly and safe haven currencies are falling after the trade truce

The yuan and the dollar are climbing strongly and safe haven currencies are falling after the trade truce 15992

07/01/2019

Economy News _ Baghdad

The dollar and the yuan rallied on Monday after the United States and China agreed to resume stalled trade talks, while the yen and the Swiss franc were the two biggest victims as investors sold safe haven currencies.

The yuan rose more than 0.5 percent in foreign trade to 6.8165 yuan to the dollar, nearing the peak of two months, but then fell to 6.8464 after disappointing data on factory activities.

The dollar gained 0.4 percent against a basket of currencies to hit 96.601, after the currency tumbled in recent weeks on growing expectations that the Federal Reserve will cut interest rates.

Against the euro, the greenback was up 0.4 percent at $ 1.1328.

The Japanese yen, normally bought by investors when they seek a safe haven for their money, fell 0.6 percent to 108.53 yen, its weakest since June 19.

The Swiss franc lost 0.4 percent against the euro to 1.1142 francs, and fell 0.8 percent against the dollar.

http://economy-news.net/content.php?id=17090
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