FOREX-Yen gains on trade tensions, investors await Fed [Reuters]
RAKUTEN GROUP INC S/ADR (RKUNY)
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Source: Reuters
FOREX-Yen gains on trade tensions, investors await Fed | Reuters 4 Min Read * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh * Yen rises on safety-bid as trade tensions mount * Aussie dollar down 0.1 percent By Vatsal Srivastava SINGAPORE, Jan 29 (Reuters) - The yen strengthened versus its peers on Tuesday, as investors took refuge in safe-haven assets after the U.S. Justice Department charged China’s Huawei Technologies Co Ltd with fraud, ratcheting up U.S.-Sino trade tensions. The United States on Monday charged Huawei, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has escalated tensions with Beijing. Investors fear the charges could complicate high-level trade talks set to begin on Wednesday when China’s Vice Premier Liu He will meet with U.S. Trade Representative Robert Lighthizer and others. “There is a much lesser chance now that we get anything positive out of these trade negotiations,” said Nick Twi
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