The dollar fell against the yen on Tuesday as receding hopes for a preliminary t...
TOKYO - The dollar fell against the yen on Tuesday as receding hopes for a preliminary trade deal between the United States and China hurt demand for the greenback.
But the dollar took a hit on Monday after CNBC reported that China is pessimistic about agreeing to a deal, which suggests a resolution to perhaps the biggest risk to the global economy remains elusive. The yield on 10-year Treasury notes US10YT=RR fell slightly to 1.8049% in Asia, also approaching a two-week low as uncertainty boosted demand for the safety of government debt.
Currency traders were also wary of the dollar after Trump met U.S. Federal Reserve Chairman Jerome Powell on Monday amid the U.S. president’s repeated criticism that the Fed has not lowered interest rates enough.
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