FOREX-Dollar slump deepens as trade war worries grow
urn:newsml:reuters.com:*:nL2N1QJ2VIThe greenback held only above a 14-month low against the ¥ JPY=EBS as Businessmen took shelter in the low-yielding currencyon worries the outbreak of a trade war would derail globalgrowth at a time the time unite states deficit Information Systems seen expanding sharply onTrump's fiscal stimulus plans. The $ tumbled 0.6 % to 105.45 yenJPY=EBS itslowest ever Monday & within touching distance of a 14-monthlow of 105.24 chock final Friday. "The voices of reason in the White home are dwindling andthe danger of a trade war Information Systems increasing," Commerzbank strategistswrote in a every day note. The single currency's height wasn't limited to the dollar,with the euro breaking through a 3-1/2 30 days range against thesterling. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ JPY & CFTC http://reut.rs/2CSTWkv ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>Referenced Symbols: EFX ,(Reporting with Saikat Chatterjee; Editing with Jon Boyle) (( saikat.chatterjee@thomsonreuters.com ; +44-20-7542-1713;Reuters Messaging: saikat.chatterjee.reuters.com@reuters.net ))
FOREX-Dollar supported compare ¥ as trade war fears recede
referring to * Dollar/yen recovers from 16-month low determine final week* $ supported compare ¥ as trade war fears ease* Euro steadies, draws backing from German coalition dealBy Masayuki KitanoSINGAPORE, March six (Reuters) - The $ edged higher againest the ¥ on Tuesday, supported with receding fears about a trade war stemming from unite states President Donald Trump's proposed tariffs on imported steel & aluminium. The $ had tumbled to 16-month lows against the safe-haven ¥ late final 7 days as worries about a trade war gripped markets after Trump declared his outline for steel & aluminium tariffs. The $ edged up 0.1 % to 106.30 yen, continuing a healing from the greenback's 16-month low of 105.24 ¥ determine on Friday. On technical charts, however, the $ continue seems to be stuck in a downtrend against the yen, Ino said. The $ had wobbled final 7 days on Trump's proposed 25-percent & 10-percent levies on imported steel & aluminium.FOREX-Dollar steadies compare ¥ as trade war fears recede
* Dollar/yen recovers from 16-month low determine final week* $ supported compare ¥ as trade war fears ease* Euro steadies, draws backing from German coalition bargain (Updates prices, adds comments)By Masayuki KitanoSINGAPORE, March six (Reuters) - The $ held steady againest the ¥ on Tuesday, supported with receding fears about a trade war stemming from unite states President Donald Trump's proposed tariffs on imported steel & aluminium. The $ had tumbled to 16-month lows against the safe-haven ¥ late final 7 days as worries about a trade war gripped markets after Trump declared his outline for steel & aluminium tariffs. On Monday, it had gained 0.4 percent, edging away from the greenback's 16-month low of 105.24 ¥ determine on Friday. Investors are this day waiting for more break news regarding the tariffs proposed with Trump, told Heng Koon How, head of markets strategy for United Overseas Bank in Singapore. On Monday, the Canadian $ had determine a low of C$1.3002, its weakest ever July final year.
collected by :John Locas
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