Possible End To Trade War Boosts Yen And Aussie – 2 April, 2019

Concerns of the ongoing U.S.- China tariff war caused the Australian dollar and the Japanese yen to dip when an article about the progress of the deal was published. After dipping to its lowest since March, the yen managed to claw back some losses from 111.53 to 111.455 per dollar. The Australian dollar rose 0.35 percent to $0.7097, gaining back some losses from the previous session. Against the yen, the Australian dollar climbed 0.55 percent to 79.17 yen. The shifts come after the Financial Times released an article stating that most of the issues in the way of a trade deal between the U.S. and China have been resolved. The dollar index was 0.1 percent lower at 97.236 against a basket of six major currencies, while the pound was flat at $1.3136. After dipping to $1.1183, the euro managed to settle 0.15 percent higher for the day at $1.1224.