(Updates prices, adds U.S. commerce secretary comments) * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh By Elizabeth Howcroft Nov 15 (Reuters) – Optimism that the United States and China may soon end their trade war after White House economic advisor Larry Kudlow said a deal was “getting close” lifted trade-exposed currencies on Friday at the expense of safe-haven assets such as the yen. Given the lack of concrete detail in Kudlow’s comments, however, markets stayed mostly cautious. “To be blunt, such rhetoric is more or less the same as Steven Mnuchin (who) said months ago that a deal was “99% done”,” Commerzbank analysts wrote in a note to clients, though they acknowledged the comments had benefited sentiment. They said the comments could not be taken seriously until the trade documents could be assessed and a deal was signed. The dollar rose 0.3% versus the yen, last at 108.730, suggesting an end to the past week’s dollar-yen slump may be in sight. The Swiss franc also weakened 0.1% versus the dollar. The New Zealand and Australian dollars firmed slightly on the news, the latter rising off four-week lows . While China’s commerce ministry said the two countries were holding “in-depth” discussions… Read full this story
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