* Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E * U.S.-China standoff undermines sentiment * Dollar and yen supported as a safe-havens * Yuan briefly hit 1-1/2 month low * New Zealand ponders helicopter money By Stanley White TOKYO, May 22 (Reuters) – The dollar gained against major peers on Friday as worries about rising diplomatic tensions between the United States and China supported safe-haven demand for the greenback. Sino-U.S. relations have soured over a broad range of issues, including China’s treatment of the former British colony of Hong Kong and its response to the coronavirus pandemic, which is causing risk aversion to spread. The fresh geopolitical strains also boosted the safe-haven yen but sent the yuan to a 1-1/2 month low and rattled both the Australian and New Zealand dollars. “There have been problems between the United States and China for quite a while now,” said Yukio Ishizuki, FX strategist at Daiwa Securities in Tokyo. “Some very short-term players are changing positions from one day to the next, which makes it difficult to see the trend, but overall the dollar looks to be supported.” While the new frictions added some pressures to the yuan, the Chinese currency also found some… Read full this story
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