Dollar Gains Aginst Yen In Phase One Hopes – 25 November, 2019

A discussion on phase one of a trade agreement between the U.S. and China helped lift the dollar to a two week high against the yen and the Chinese yuan gain slightly. Against the yen, the dollar rose to a two week high of 109.205 yen before  settling at 109.01 yen. The yen gained 0.15% from its previous close to settle at 7.240 against the dollar. The euro was just above the one week low it hit the previous session, last trading at 1.1008, while the pound last stood at 85.365 against the euro, just under a six month high of 85.22 it hit last week. The pound last traded at $.2894, and after hitting a six month low of$0.6768, the Australian dollar last traded at $0.6772.