Yen weakens as BOJ offers few rate clues; investors indecisive after Trump-Xi deal [Yahoo! Finance Canada]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance Canada
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking By Rae Wee and Alun John 3 min read By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -The yen tumbled sharply on Thursday after the Bank of Japan (BOJ) left rates unchanged, while other currencies held in tight ranges as investors weighed a trade agreement between U.S. President Donald Trump and Chinese President Xi Jinping. Trump said he had agreed to trim tariffs on China in exchange for Beijing resuming U.S. soybean purchases, keeping rare earths exports flowing and cracking down on the illicit trade of fentanyl. But details were scant and China has offered little clarity. The BOJ maintained its policy rate at 0.5%, as expected, at the conclusion of its two-day monetary policy meeting, but repeated its pledge to continue increasing borrowing costs if the economy moves in line with its projections. Still, investors saw t
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