* Greenback tracks towards highest weekly shut vs yen since Might* Pound good points as Johnson corporations in polls* Different majors largely ran
* Greenback tracks towards highest weekly shut vs yen since Might
* Pound good points as Johnson corporations in polls
* Different majors largely rangebound, awaiting commerce information
* Graphic: World FX charges in 2019 http://tmsnrt.rs/2egbfVh
By Tom Westbrook
SINGAPORE, Nov 29 (Reuters) – The greenback headed for its highest weekly end towards the safe-haven yen since Might on Friday, as information exhibiting the U.S. economic system on a agency footing prompted buyers to cut back rate-cut bets.
Nerves persevered although, as different main currencies spent the week rangebound, navigating a blizzard of trade-war headlines that provided few clues as to when or how an overdue truce could be agreed between Washington and Beijing.
“There appears to be fairly good optimism across the commerce talks occurring between U.S. and China,” stated William O’Loughlin, a portfolio supervisor at Rivkin Securities in Sydney.
“Although as we all know that may change on a dime…the rally does not really feel like a euphoric, super-bullish rally, it does really feel like climbing the wall of fear.”
On Friday, the greenback was regular at 109.51 Japanese yen , and if it holds there’ll put up a 0.7% achieve for the week and hit its highest weekly shut since Might 31. In a single day commerce was mild with U.S. desks closed for Thanksgiving.
The British pound has been the week’s different most important beneficiary, including half a proportion level as Prime Minister Boris Johnson’s…