Fx-Yen drops to two-7 days minimal vs dollar as U.S.-Iran tension fades – Reuters

    * Japanese yen falls to two 7 days minimal
    * Dollar index up, traders concentrate on U.S. non-farm payrolls
    * Chinese yuan rises to five-thirty day period large vs dollar
    * Graphic: World Fx rates in 2019

 (Provides new remark, updates prices)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Jan 9 (Reuters) - The safe-haven yen fell to two-7 days lows from the dollar on Thursday as
the United States and Iran moved away from an all-out conflict, prompting traders to just take on extra risky
belongings and concentrate extra on an approaching U.S.-China trade offer.
    U.S. President Donald Trump responded to an Iranian assault on U.S. forces with sanctions, not
violence. Iran supplied no rapid signal it would retaliate additional from a Jan. 3 U.S. drone strike
that killed its senior armed forces commander.
    The yen, viewed as a safe haven in occasions of geopolitical turmoil because of its deep liquidity and
Japan's existing account surplus, reversed the gains it manufactured from the dollar just after Iran's missile
strike. The dollar was previous up .3% at 109.48 yen, just after earlier hitting 109.57 yen, its best
since Dec. 27.
    "Marketplaces are having comfort from a cooling in U.S.-Iran tensions just after conciliatory words from
President Trump," mentioned Joe Manimbo, senior current market analyst at Western Union Enterprise Solutions in
Washington. "The Mideast crisis likely from a boil to a simmer authorized bullish U.S. fundamentals to return
to the surface area."
    Gold prices also slid, retreating additional from a in the vicinity of-7-12 months peak scaled in the former session.

    Implied volatility gauges for euro/dollar are falling back towards late 2019 lows, which is "quite
telling," in accordance to Reuters analysts. 
    3-thirty day period implied volatility in euro/dollar fell to four.27% at the close of November, its lowest level
on file.
    Emphasis is envisioned to change back to the world-wide overall economy, with expectations the United States and China
will indicator a trade offer following 7 days giving underlying guidance for hazard belongings.
    China's Vice Premier Liu He, head of the country's negotiation crew in the Sino-U.S. trade talks will
pay a visit to Washington on Jan. thirteen-15, Gao Feng, spokesman at the commerce ministry mentioned.
    Buyers imagine the offer will distinct one particular of the globe economy's greatest uncertainties and aid improve
world-wide expansion this 12 months, whilst some imagine that look at is far too optimistic.
    Sector members are also wanting in advance to Friday's U.S. non-farm payrolls report, with forecasts
of 164,000 new jobs in December, from 266,000 the former thirty day period.
    In other currencies, China's yuan rose to a five-thirty day period large of six.9175 from the dollar right away in
the offshore current market, boosted by a continual inflation readout. 
    In midday investing, the dollar index was .two% better on the day at 97.458.
    The Swiss franc however remained somewhat elevated from the dollar, which slipped .two% to .9721
    Currency bid prices at 12:14PM (1714 GMT)
 Description      RIC         Final           U.S. Near  Pct Alter     YTD Pct     Significant Bid    Minimal Bid
                                              Previous                   Alter                 
 Euro/Dollar      EUR=        $one.1106        $one.1103     +.03%         -.93%      +one.1120     +one.1094
 Dollar/Yen       JPY=        109.4500       109.1200    +.30%         +.fifty four%      +109.5700   +109.0200
 Euro/Yen         EURJPY=     121.58         121.seventeen      +.34%         -.30%      +121.6900   +121.1400
 Dollar/Swiss     CHF=        .9719         .9737      -.eighteen%         +.42%      +.9747     +.9712
 Sterling/Dollar  GBP=        one.3062         one.3097      -.27%         -one.49%      +one.3124     +one.3014
 Dollar/Canadian  CAD=        one.3090         one.3037      +.41%         +.eighty%      +one.3104     +one.3026
 Australian/Doll  AUD=        .6853         .6865      -.seventeen%         -two.39%      +.6880     +.6851
 Euro/Swiss       EURCHF=     one.0798         one.0813      -.fourteen%         -.50%      +one.0833     +one.0796
 Euro/Sterling    EURGBP=     .8501         .8478      +.27%         +.fifty six%      +.8533     +.8472
 NZ               NZD=        .6608         .6646      -.57%         -one.ninety%      +.6658     +.6601
 Dollar/Norway    NOK=        8.8766         8.8683      +.09%         +one.eleven%      +8.9024     +8.8550
 Euro/Norway      EURNOK=     9.8601         9.8523      +.08%         +.23%      +9.8854     +9.8397
 Dollar/Sweden    SEK=        9.4873         9.4593      +.32%         +one.50%      +9.5007     +9.4444
 Euro/Sweden      EURSEK=     10.5395        10.5060     +.32%         +.67%      +10.5471    +10.4969
 (Reporting by Gertrude Chavez-Dreyfuss More reporting by Olga Kotaga in London Editing by Chris

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