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Safe Haven Yen Drifts Lower Than Trade Tensions Ease By Investing.com




© Reuters.

Investing.com – The safe haven has drifted lower against the other major currencies on Monday as risk appetite improved after two days of trade talks between the U.S. and China in Washington, which were described as productive.

The dollar pushed higher against the, climbing 0.1% to 107.72 by 2:58 AM ET (6: 58GMT), while the so-called raised ground against the Japanese currency, rising 0.1

A US-China trade breakthrough had seemed unlikely after President Donald Trump told reporters on Friday he was "not looking" for a partial deal , unexpectedly canceled goodwill visits to US

Over the weekend, the U.S. Trade representative's office issued a brief statement characterizing the two days of talks with China as "productive."

China's Commerce Ministry, in a letter statement, described the talks as "constructive", and said they had a good discussion on "detailed arrangements "for the talks in October.

Additionally, the US removed tariffs from more than 400

The was.

The was down 0.1

4% to 1.2457, after topping on Friday from a two-month high on Friday as hopes for a Brexit deal soured. On Monday, British Prime Minister Boris Johnson thus cautioned against the likelihood of a breakthrough.

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