FOREX-Dollar strengthens vs yen on Chinese ministry comments
Reuters | November 07, 2019
The dollar gained versus the yen on Thursday after comments from a Chinese commerce ministry spokesman about the terms of a possible trade deal prompted investors to dump perceived safe-havens such as the Japanese currency. The Chinese commerce ministry said that China and the U.S. must simultaneously cancel some existing tariffs on each other’s goods for both sides to reach a “phase one” trade deal.