U.S. President Donald Trump said last week that the ‘phase one’ deal with China, which will reduce U.S. tariffs in exchange for a boost in Chinese purchases of certain American goods, would be signed on Jan. 15. Long positions on the Chinese yuan were at their highest since March last year, a poll of 16 respondents showed. “Given that the Chinese yuan is holding below the 7.0 level against the U.S. dollar, that is offering some measure of support for regional currencies,” Han Tan, a market analyst at FXTM said. …read more
Source:: Yahoo Finance
