The US dollar remains strong at the Asian session against the yen and euro show slight changes. The yuan continues falling further.
The euro-to-US dollar exchange rate was recorded at 1.1609 this morning. Meanwhile, the previous trading was closed at $1.1639.
The greenback gained grounds vs the yen reaching 112.96 (112.86 earlier). At the same time, the euro to yen rate was near 131.23 over the period under review.
In China, the Central Bank (PBOC) has reduced the reference yuan rate to 6.7 for the first time since June. Specifically, the currency started slackening just in June. The US dollar-to-yuan rate dropped to 6.7453.
It is worth mentioning that the senior economic advisor in the White House claimed that Beijing has been deliberately dragging on the talks regarding softening of the US-China trade conflict. In particular, he stated in his message at CNBC Institutional Investor Delivering Alpha:
"So far as we know, President Xi, at the moment, does not want to make a deal..."I do not think President Xi has any intention of following through on any of the discussions we've made..."