(SMM) The US dollar edged lower for the third straight session on Thursday, but it rose to a nearly two-week high against the Japanese yen as optimism around a de-escalating US-China trade war sapped demand for safe-haven currencies.
“Risk is moderately ‘on’ today on Trump’s comment that a trade agreement is ‘done,”’ said John Doyle, vice president for dealing and trading at Monex Inc in Washington.
“On a usual day, this might just be a blip, but because of the thin conditions, safe-havens like the JPY are a touch weaker and the New Zealand and Australian dollars are up on hopes of a deal,” Doyle said.
