Asian Currencies Consolidate Amid U.S.-China Trade Talks
0033 GMT — Asian currencies consolidate against the dollar in early trade amid U.S.-China trade talks in London. The main theme has been consolidation, Commerzbank Research analysts say in a report. Both sides will continue their negotiations for a second day today, they say. Commerce Secretary Lutnick said the talks were 'fruitful,' while Treasury Secretary Bessent said it was a 'good meeting' and 'we are doing well with China,' the analysts note. USD/JPY edges 0.1% lower to 144.42, USD/KRW is little changed at 1,354.75, and USD/MYR is 0.1% higher at 4.2357, FactSet data show. (ronnie.harui@wsj.com)
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