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The dollar remained stable on Wednesday, as investors' appetite for risk improved cautiously and the yen weakened in favor of a safe haven change, but investors currencies remained confined to narrow ranges in anticipation of a series of meetings of major central banks next week.
Investor interest is currently focused on the ECB meeting scheduled for Thursday. The euro is under pressure, fearing that the European Central Bank will continue to reduce its negative interest rates, and the single currency has fallen 3% since June.
The euro reached 1.1050 USD, speculation being divided between the magnitude and nature of any likely stimulus.
The pound remained stable at 1.2356 USD, near a peak of 1.2385 USD reached since the start of the week, while the prospect of a Brexit was calming without the slightest impact. ;agreement.
The Chinese yuan and the Australian dollar jumped after the Communist Party's Global Times editor said on Twitter that China would implement measures to mitigate the effects of the trade war.
The dollar index, which tracks the greenback's performance against a basket of other major currencies, remained stable at 98,332.
Most of the recent positive sentiments have been motivated by the optimism that a high-level meeting between US and Chinese negotiators in Washington next week could somehow put an end to the trade war.
The prospect of a breakthrough in Asian currencies such as the South Korean won for trade, which reached 1193.35 for a dollar, is approaching its highest level since 2 August.
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