Dollar firm as 'headline ping-pong' revives trade optimism

  • Summary:


    By Tom Westbrook

    SINGAPORE, Dec 5 (Reuters) - The dollar and export-oriented currencies found support on Thursday as upbeat trade comments from U.S. President Donald Trump cheered the market, while New Zealand's softer-than-expected banking reforms pushed the kiwi to a four-month high.

    The flight to safety seen on Wednesday reversed after Trump said trade talks with China were going "very well," a day after floating the idea that a deal might have to wait until after the 2020 presidential election.

    Bloomberg also reported that the two sides are moving closer to an agreement, citing people familiar with the talks.

    That took the shine off the safe-haven yen and Swiss franc, which nursed losses on Thursday.

    "Another day, another reversal of what happened the previous day," said Natio ...



    Read Full News:

Log in to reply