Slight Optimism in Trading Future Helps Yen Gain – 26 August, 2019

The yen gained against the dollar with some investors ready to get back in the game on the uncertain future between the U.S. and Chinas’s trade deals. Against the dollar, the yen gained 0.4% to 105.73 as U.S. President Donald Trump floated the possibility of a trade deal between the worlds two biggest economies. The shaky grounds between the two countries has remained so for over a year, affecting global growth as well as investments and corporate profits. Additionally, the yen gained 0.4% against the Australian and New Zealand dollar. Against a basket of six major currencies, the dollar index slipped 0.06% to 97.960, while the euro was up 0.05% to $1.1105 and sterling was last steady at $1.2215 after falling 0.5% in overnight trading.