FOREX-Secure-haven yen, Swiss franc fall on U.S.-China commerce deal optimism

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FOREX-Secure-haven yen, Swiss franc fall on U.S.-China commerce deal optimism

* China pushes U.S. to roll again some tariffs * China pares lending charges by 5 foundation factors * Chinese language yuan holds positive factors


* China pushes U.S. to roll again some tariffs * China pares lending charges by 5 foundation factors * Chinese language yuan holds positive factors vs U.S. greenback even after price lower * Aussie greenback rises vs greenback as danger urge for food rises * Graphic: World FX charges in 2019 http://tmsnrt.rs/2egbfVh (Recasts, provides new remark, FX desk, updates costs, modifications byline, dateline; earlier LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, Nov 5 (Reuters) – The safe-haven yen and Swiss franc slid on Tuesday, as rising indicators america and China are inching nearer to a commerce deal boosted danger urge for food and spurred traders to hunt higher-yielding currencies. On the flip facet, trade-oriented currencies together with the Australian greenback surged, with the Chinese language forex climbing to a three-month excessive in opposition to the buck. A choice by the Chinese language central financial institution to trim lending charges by solely 5 foundation factors additionally elevated total risk-taking. China is pushing U.S. President Donald Trump to take away extra tariffs imposed in September as a part of a “part one” U.S.-China commerce deal, which is anticipated to be signed later this month, individuals acquainted with the negotiations mentioned. “The prospects that the U.S.-China deal may embody some rolling again of present U.S. tariffs helped underpin danger appetites,” mentioned Marc Chandler, chief market strategist at Bannockburn World Foreign exchange in New…



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