Dollar Strengthens Against Yen Amid US-China Trade Optimism; Kiwi Rises

Reported about 12 hours ago

The US dollar gained against the Japanese yen in early Asian trading following positive weekend discussions between the US and China that alleviated fears of a trade war. A deal to reduce the US trade deficit was announced after talks in Geneva, while markets also looked ahead to forthcoming US economic data, including inflation figures and retail sales. Meanwhile, New Zealand's kiwi dollar and the Australian dollar saw slight increases as global tensions, including a ceasefire between India and Pakistan, began to ease.

Source: YAHOO

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