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U.S. dollar trades mixed ahead of Kim-Trump summit

Source: Xinhua| 2018-06-12 04:15:22|Editor: Mu Xuequan
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NEW YORK, June 11 (Xinhua) -- The U.S. dollar index traded mixed against other major currencies in late trading on Monday, as investors awaited the hotly anticipated meeting between top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Un and U.S. President Donald Trump in Singapore.

The summit between Kim and Trump is the first between incumbent leaders of the two countries since the end of the 1950-53 Korean War.

Trump kept opening the possibility of ensuing meetings with Kim following the one in Singapore, which he said will hopefully start "something big."

However, concerns surrounding trade relations between the United States and other nations, including its allies, are likely to continue to weigh on investor sentiment, experts said.

The annual Group of Seven (G7) summit concluded over the weekend resulted in Trump refusing to endorse the joint G7 statement that called for a reduction of tariffs, sparking tensions between him and fellow leaders of major countries.

There was no major economic data due out Monday.

The dollar index, which measures the greenback against six major peers, increased 0.05 percent at 93.582 in late trading.

In late New York trading, the euro rose to 1.1787 dollars from 1.1768 dollars in the previous session, and the British pound decreased to 1.3380 dollars from 1.3416 U.S. dollars in the previous session. The Australian dollar increased to 0.7606 dollar from 0.7600 dollar.

The U.S. dollar bought 110.03 Japanese yen, higher than 109.47 Japanese yen of the previous session. The U.S. dollar was down to 0.9851 Swiss franc from 0.9852 Swiss franc, and it climbed to 1.2987 Canadian dollars from 1.2937 Canadian dollars.

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