Yahoo Finance Major Currencies Remained Little Changed Amid Mixed Messages on Trade War
Investing.com - Major currency pairs were little changed on Friday in Asia amid mixed messages on the Sino-U.S. trade progress.
The U.S. dollar index last traded at 97.835 by 1:05 AM ET (05:05 GMT), down 0.04%.
The Wall Street Journal reported that China has invited top U.S. trade officials including U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing for a new round of face-to-face negotiations.
The report came one day after Reuters said a partial trade deal might not be signed this year.
While officials from China hinted that Beijing and Washington hinted earlier this month that the two sides are close to signing a deal, U.S. President Donald Trump comments last week that said he did not agree to roll back existing tariffs dampened hopes of a quick trade deal.
The USD/CNY pair, which is usually sensitive to trade news, was little changed at 7.0343.
"Headline fatigue has set in," said Ray Attrill, National Australia Bank's head of FX strategy, in a Reuters report.
"With the constant barrage of seemingly contradictory stuff, the market's given up trying to second-guess...seeing is believing, and we'll trade it once we know what's happening."
On the data front, flash purchasing managers index from Germany, the Eurozone, Britain and the United States are all due later on Friday.
The AUD/USD pair and the NZD/USD pair both traded 0.1% higher.
The GBP/USD pair was also near flat at 1.2916.
The USD/JPY pair was unchanged at 108.62.
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