The yen, a safe haven, fell Thursday after the announcement of the resumption of trade negotiations between the United States and China next month, while the australian dollar and new zealand sensitive to the risk were on the rise.
The chinese ministry of Commerce has announced that its sales team will consult with u.s. counterparts in mid-September in view of negotiations at the beginning of October, and that the two parties have agreed to take measures to create favourable conditions for a trade agreement.
The feeling was weak, however, and some analysts have called for caution.
“The United States will always raise the rates next month and in the month of December, to our knowledge,” said Joe Capurso, strategist at Commonwealth Bank of Australia in Sydney.
“It’s negative for the global economy and the chinese economy.”
The dollar was up 0.1% against the yen to 106.53 at 11: 15 am.
The australian dollar has reached a summit of one month 0,6825, while the NZD has reached a one-week summit to 0,6387.
The course of the euro is slightly lower 1,1040, after figures showing that industrial orders in germany were decreased more than expected in July because of the weakness of the external demand, suggesting that the largest euro zone economy could sink into recession in the third quarter.
For its part, the british pound was at 1.2268 Dollar, after its best day for more than five months.
The government of british Prime minister Boris Johnson has cancelled the attempts to block legislation aimed at preventing the country to leave the European Union without an agreement on October 31.
This decision has paved the way for the duty for Johnson to ask the EU for an extension of three months from the time of Brexit, if it fails to reach a transitional agreement renegotiated with the block by mid-October.
–Reuters contributed to this report