Trump Feeling Positive on Sino-U.S. Trade Hopes – 11 December, 2018
Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo
A positive outlook on U.S. and China trade talks and President Trump’s upbeat demeanor on the subject helped the offshore yuan gain 0.3 percent to 6.8848 per dollar, and the yen was steady at 113.49 per dollar. After falling roughly 0.6 percent, the pound was flat trading at $1.2507, while the euro remained little changed at $1.1325. Against a basket of currencies, the dollar was looking like investors best bet amongst a basket of major currencies at 97.466.