FOREX-Dollar wavers as traders tire of 'headline ping-pong' [Reuters]
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Source: Reuters
Dollar wavers as traders tire of 'headline ping-pong' SINGAPORE (Reuters) - The dollar wobbled on Thursday as an earlier boost from upbeat trade comments by U.S. President Donald Trump ran out of steam and investors remained on edge over Sino-U.S. tensions. In a fillip to sentiment overnight, Trump said talks to resolve the damaging trade war with China were going “very well”. Bloomberg also reported that the two sides are moving closer to an agreement, citing people familiar with the talks. However, with no official reassurance from the Chinese on Thursday, and only a day after Trump said a deal might not come until after the 2020 presidential election, the recovery promptly stalled in Asian trade. “It’s too soon to say whether it’s a rebound or a dead-cat bounce, that’s the way I look at risk at the moment,” said Matt Simpson, a senior market analyst at Gain Capital in Singapore. Movements in major currencies were modest. The safe-haven Japanese yen steadied at 108.84 per dollar, wh
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