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Dollar weakens against yen following another North Korean missile test

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The dollar edges lower early Wednesday, but trades in a tight range, as investors prefer the Japanese yen, considered a haven currency, after North Korea tested another ballistic missile just as President Donald Trump and his Chinese counterpart prepared to meet on regional stability.
The dollar edged lower early Wednesday, but traded in a tight range, as investors gravitated to the Japanese yen, considered a haven currency, after North Korea tested another ballistic missile just as President Donald Trump and his Chinese counterpart prepared to meet on regional stability.
North Korea launched a medium-range ballistic missile off the east coast of the Korean Peninsula on Wednesday morning , as Trump is set to host a two-day meeting Chinese President Xi Jinping on Thursday.
The launch of the missile, confirmed by U. S. Pacific Command in Hawaii and by South Korea’s Joint Chiefs of Staff on Wednesday morning, took place from Sinpo, a city on the east coast where North Korea has a shipyard and last year claimed the launch of a submarine-launched ballistic missile.
“Investors are interested to see if both leaders are capable of creating a plan which could be mutually beneficial for both countries. We all know that Trump has called China a currency manipulator and he does not believe that the U.

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