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Dollar Edges Lower Amid Sustained Tariff Deal HopesSingapore, 13 May (QNA) — The US dollar today edged lower but retained most of its recent gains, buoyed by ongoing optimism over a potential tariff agreement between the United States and China.
The Chinese yuan climbed to a six-month high, reaching 7.1855 against the dollar.
The Australian dollar advanced 0.64% to $0.6412, while the New Zealand dollar gained 0.55% to trade at $0.5889.
The yen and the euro recovered after sharp declines in the previous session. The yen rose 0.48% to 147.76 per dollar, following a drop of more than 2% yesterday (Monday). The euro added 0.25% to reach $1.1114.
Elsewhere, the US dollar slipped 0.25% to 0.8429 Swiss francs, partially retracing Monday’s 1.6% surge.
The British pound edged up 0.16% to $1.3199.— Ends/Khalid
