KONTAN.CO.ID - TOKYO, July 1 (Reuters) - The yuan gained and the safe-haven yen slid against the dollar on Monday as appetite for risk-sensitive currencies improved after the United States and China agreed to restart their troubled trade talks. The dollar rose 0.4% to 108.350 yen, extending its recovery from near a six-month low of 106.78 set last Tuesday. After meeting Chinese President Xi Jinping in Japan on Saturday on the sidelines of Group of 20 summit, U.S. President Donald Trump said he would hold back on tariffs and that China will buy more farm products.
FOREX-Yen slides, yuan rises as U.S.-China trade truce lifts risk appetite
KONTAN.CO.ID - TOKYO, July 1 (Reuters) - The yuan gained and the safe-haven yen slid against the dollar on Monday as appetite for risk-sensitive currencies improved after the United States and China agreed to restart their troubled trade talks. The dollar rose 0.4% to 108.350 yen, extending its recovery from near a six-month low of 106.78 set last Tuesday. After meeting Chinese President Xi Jinping in Japan on Saturday on the sidelines of Group of 20 summit, U.S. President Donald Trump said he would hold back on tariffs and that China will buy more farm products.