The rise in the dollar in the Asian markets after the American -Chinese agreement

Tokyo on May 12/ WAM/ The US dollar rose today in the main Asian markets, supported by investors welcoming the customs duties agreement between the United States and China.

In Tokyo trading, the dollar rose to its highest level in a month, approaching the threshold of 148 yen, and closed on the value of 147.91 yen, up from 145.16 yen at the same time on Friday.

This ascension came after the US Treasury Secretary, Scott Besent, announced that the two countries agreed to reduce mutual customs duties by 115 percentage points and enter into negotiations that extend for 90 days.

Analysts in Tokyo emphasized that this agreement reduced the severity of commercial tensions, which led to a decline in demand for the yen as a safe haven, amid expectations that the dollar would reach 150 yen.

Other Asian currencies also witnessed a decline, while Chinese assets increased and the Hanging Hong Kong index rose by more than 3.5%.

– A Z – Z –

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and