{"id":964,"date":"2018-09-13T05:11:52","date_gmt":"2018-09-13T05:11:52","guid":{"rendered":"https:\/\/forexvarsity.com\/welcome\/?p=964"},"modified":"2018-09-13T05:11:52","modified_gmt":"2018-09-13T05:11:52","slug":"renewed-hopes-for-u-s-china-trade-talks-cap-dollar-support-yuan","status":"publish","type":"post","link":"https:\/\/forexvarsity.com\/welcome\/renewed-hopes-for-u-s-china-trade-talks-cap-dollar-support-yuan\/","title":{"rendered":"Renewed hopes for U.S.-China trade talks cap dollar, support yuan"},"content":{"rendered":"<p>The dollar was firmly capped while the<span>\u00a0<\/span><span class=\"aqPopupWrapper js-hover-me-wrapper\"><a href=\"https:\/\/www.investing.com\/currencies\/usd-cny\" id=\"5b99f153aa894\" class=\"aqlink js-hover-me\" hoverme=\"aql\" data-pairid=\"2111\">Chinese yuan<\/a><\/span><span>\u00a0<\/span>advanced on Thursday after news that Washington was seeking a new round of trade talks with Beijing reduced safe-haven demand for the U.S. currency.<\/p>\n<p>The euro and the pound held steady ahead of policy decisions by the European Central Bank and the Bank of England scheduled later in the day.<\/p>\n<p>The<span>\u00a0<\/span><span class=\"aqPopupWrapper js-hover-me-wrapper\"><a href=\"https:\/\/www.investing.com\/quotes\/us-dollar-index\" id=\"5b99f153aa96e\" class=\"aqlink js-hover-me\" hoverme=\"aql\" data-pairid=\"8827\">dollar index<\/a><\/span><span>\u00a0<\/span>against a basket of six major currencies was little changed at 94.795 (<span class=\"aqPopupWrapper js-hover-me-wrapper\"><a href=\"https:\/\/www.investing.com\/indices\/usdollar\" id=\"5b99f153aaa06\" class=\"aqlink js-hover-me\" hoverme=\"aql\" data-pairid=\"942611\">DXY<\/a><\/span>) after declining about 0.5 percent the previous day.<\/p>\n<p>The greenback fell following news that the Trump administration has invited Chinese officials to restart trade talks.<\/p>\n<p>&#8220;The dollar did dip on the latest trade-related headlines, but it is hard to imagine the situation improving dramatically on this meeting alone. Currencies will continue reacting to each bit of news about the U.S.-China trade conflict,&#8221; said Yukio Ishizuki, senior currency strategist at Daiwa Securities.<\/p>\n<p>China&#8217;s yuan<span>\u00a0<\/span>&lt;cny=cfxs&gt;rose 0.3 percent to 6.8450 per dollar in onshore trade on Wednesday on the renewed hopes for U.S.-China trade discussions, pulling back from a 2-1\/2-week low of 6.8800 brushed the previous day.&lt;\/cny=cfxs&gt;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dollar was firmly capped while the\u00a0Chinese yuan\u00a0advanced on Thursday after news that Washington was seeking a new round of trade talks with Beijing reduced safe-haven demand for the U.S. currency. The euro and the pound held steady ahead of policy decisions by the European Central Bank and the Bank<a class=\"moretag\" href=\"https:\/\/forexvarsity.com\/welcome\/renewed-hopes-for-u-s-china-trade-talks-cap-dollar-support-yuan\/\"> Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-964","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=964"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/964\/revisions"}],"predecessor-version":[{"id":965,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/964\/revisions\/965"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}