FOREX-Euro, yuan dip as U.S.-China trade fears boost dollar

as informed in Also supporting the dollar's rally was U.S. inflation data on Thursday that raised expectations of more interest rate rises to address faster rising prices. ADVERTISEMENTBut data showing China's trade surplus with the U.S. swelled to a record in June could further inflame tensions. The yen fell to 112.775 yen. "The latest set of inflation data confirms that the Fed will stay well ahead of other central banks," he said. The Swiss franc slid to a 14-month low against a rallying dollar, down 0.3 percent on the day at 1.0068 francs per dollar .

FOREX-Offshore yuan gains after report on U.S.-China trade talks

NEW YORK, July 31 (Reuters) - The Chinese yuan rose against the dollar on Tuesday in offshore trading after Bloomberg reported the United States and China aim to resume talks in a bid to avert a trade war between the world's two biggest economies. At 9:37 a.m. (1337 GMT), the yuan was up nearly 0.3 percent versus the greenback in offshore trading at 6.8102 after hitting a session high at 6.8050. The Chinese currency hit an 13-month low on Friday at 6.8550 yuan per dollar, according to Reuters data. (Reporting by Richard Leong; Editing by David Gregorio)

FOREX-Dollar hits 2-week high on U.S.-China trade fears

according to Upbeat comments on the U.S. economy from Federal Reserve Chairman Jerome Powell also stoked demand for the dollar, analysts said. The yen hit a six-month low at 112.79 yen per dollar before recovering to 112.51 yen. U.S. Treasury Secretary Steven Mnuchin said on Thursday that the United States and China might reopen trade talks, briefly easing concerns about the trade dispute. But data showing China's trade surplus with the United States swelled to a record in June could further inflame tensions. Escalating trade tensions have not dented the U.S. economy, which on is its second longest expansion on record.

collected by :John Locas