TOKYO, Dec 16 — Currencies made a muted response to the US-China trade deal today, as last week’s brief relief that an agreement had been reached was replaced by frustration at a lack of details, and a reluctance to make big bets as Christmas draws near. Washington and Beijing cooled their...
The trade-sensitive Australian dollar fetched US$0.6878, easing from Friday’s four-month high of US$0.6930. — AFP pic
That had lifted the Australian dollar and pushed down the safe-harbour yen last week, before profit-taking set in. The trade-sensitive Australian dollar fetched US$0.6878 , easing from Friday’s four-month high of US$0.6930. The euro rose marginally to US$1.1129, as did the Japanese yen to 109.40 per dollar. Against a basket of currencies, the dollar weakened 0.1 per cent to 97.084.US Trade Representative Robert Lighthizer said yesterday the deal will nearly double US exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text.
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