Currencies: Dollar climbs to 6-month high against Japanese yen

The U.S. dollar advanced to a fresh six-month high against the Japanese yen on Thursday, following the latest development in a contentious trade dispute between the U.S. and China.

Late Wednesday, Bloomberg reported that U.S. and Chinese officials considered restarting the trade conversations, which could culminate in a bilateral agreement. So far, the trade talks have been marked by retaliatory tariffs, talk of national security and tough rhetoric.

China’s yuan was stronger on Thursday, with one dollar buying 6.6874 of the more freely traded offshore yuan USDCNH, -0.6455% down 0.5%, and 6.6682 of the more restricted onshore USDCNY, -0.1946% down 0.2%.

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