Currencies: Dollar gains on yen as trade-war rhetoric turns ‘cautiously hopeful’

The U.S. dollar on Monday rose against the Japanese yen, rebounding from a 16-month low against the Asian currency, traditionally viewed as a haven, as trade-related fears appeared to recede However, the dollar index, which is a broad dollar gauge of the currency, remained under pressure.

What are currencies doing?

The ICE U.S. Dollar Index DXY, -0.41% —which measures the buck against six rivals—fell to 0.3% to 89.144. The broader WSJ U.S. Dollar Index BUXX, -0.32% which measures the greenback against a wider basket of currencies, slipped 0.3% to 83.17.

Yet the yen USDJPY, +0.29% lost ground against the greenback, with the dollar last buying ¥105.11, up from ¥104.73 late Friday in New York.

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