Currencies: Positive trade sentiment lifts dollar against Japanese yen [MarketWatch]
News Corporation - Class B (NWS)
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Source: MarketWatch
Positive trade sentiment lifts dollar against Japanese yen The U.S. dollar strengthened across the board as positive news on the China trade bolstered sentiment in the end of the week. China is now offering a path to eliminate its trade imbalance with the U.S. by ramping up imports over the next six years to reach more than $1 trillion annually, according to Bloomberg . This follows a report by The Wall Street Journal from late Thursday that Treasury Secretary Steven Mnuchin suggested to ease tariffs on China to support markets. Though denied by a Treasury spokesman, the report has helped drive investors into assets perceived as risk and away from so-called havens. U.S. stocks also were set to trade higher . All this comes ahead of Chinese economic growth data for the fourth quarter over the long Martin Luther King Jr. Day weekend in the U.S., with stocks and bonds in the U.S. set to be closed on Monday . Read: Why China’s latest stimulus effort is simultaneously calming and unsettl
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