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Haven Currencies Drop as Yuan Rallies in Wake of Trump-Xi Truce

  • Yen and Swiss franc fall as Asia-Pacific trading kicks off
  • Risk-sensitive currencies poised to benefit from truce: ANZ
Yuan Dollar
Photographer: SeongJoon Cho/Bloomberg
Updated on

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The dollar fell against the yuan and commodity-related currencies in Asia-Pacific trading on Monday after the U.S. and China backed down from threats to escalate their trade war. Haven currencies weakened.