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Foreign exchange risk appetite increased amid news from the trade front and elections in Britain

Foreign exchange risk appetite increased amid news from the trade front and elections in Britain

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Jim Anderson - Public Relations

The dollar fell by 0.6% on Friday amid rising risk appetite after optimistic news about two factors that have prevailed over the markets for a long time – the approaching date of the introduction of US traffic on Chinese goods and elections in the UK.

Washington will postpone new duties on Chinese goods and lower existing tariffs in exchange for Beijing to purchase US agricultural products, US source said on Thursday.

British Prime Minister Boris Johnson won a landslide victory in early parliamentary elections on Thursday, which is likely to allow him to withdraw the country from the European Union in the next few weeks.

The Japanese yen, which lost ground when the results of exit polls in the UK were announced on Thursday evening, continued to decline on Friday. By 16:40, it had fallen in price by 0.3% to 109.60, having previously reached the lowest value against the dollar over the past six months.