By: Nadeemy Haded

The US dollar gave up earlier gains as part of optimism over a US-China trade deal dissipated.

The US currency jumped to a two-week high against the yen, a safe-haven currency in Asian trading.

Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Stephen Mnuchin discussed issues related to phase one of the trade agreement between the two countries, and agreed to continue contacts on the remaining issues. According to Reuters.

Earlier, Monday, the Chinese Global Times reported that the two countries are very close to the conclusion of the phase one agreement.

In the latest trading, the dollar was steady at 108.96 yen, after rising to 109.205 yen, the highest level since November 12.

The euro was steady against the dollar at $ 1.1016, near an 11-day low of $ 1.1004 hit on Monday.

The Chinese yuan, the currency most affected by US-China trade talks, rose to a one-week high of 7.0181 against the dollar, but hit a fresh high of 7.0335.

Source Sky News

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