* Protected-haven lustre helps yen, greenback * Buyers await particulars of Sino-U.S. commerce deal progress * Graphic: World FX charges in 2019 tm
* Protected-haven lustre helps yen, greenback
* Buyers await particulars of Sino-U.S. commerce deal progress
* Graphic: World FX charges in 2019 tmsnrt.rs/2egbfVh
By Tom Westbrook
SINGAPORE, Nov 15 (Reuters) – The greenback discovered broad assist on Friday as recent indicators of a world financial slowdown and little seen progress towards a Sino-U.S. commerce truce put buyers in a risk-averse temper.
The most recent proof that the U.S.-China commerce struggle has damage the worldwide economic system was illustrated by sub-par development figures on Thursday from China and Japan, adopted by lacklustre updates in Britain and Europe.
In a single day media studies additionally recommended negotiations to finish the damaging dispute had stalled.
The Monetary Instances, citing unidentified folks near the talks, mentioned an settlement might not be reached in time to keep away from a brand new spherical of U.S. tariffs taking impact on Dec. 15.
White Home financial advisor Larry Kudlow informed an occasion on the Council on Overseas Relations in Washington late on Thursday {that a} deal was “getting shut”, however supplied no new particulars and equally didn’t shift the sentiment.
“No information on commerce negotiations is turning into dangerous information,” mentioned CMC Markets’ Chief Strategist in Sydney, Michael McCarthy.
The greenback clawed again among the floor it gave to the safe-haven yen in a single day, rising 0.1% to purchase 108.55 yen, and stored maintain of in a single day…