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Yen up and US Dollar clinging on as China's Houston response awaited
The safe-haven yen advanced to a one-month high on Friday as deteriorating Sino-U.S. relations heightened investor anxiety, while a surging euro put the beleaguered dollar on track for its worst week in a month. China has said it “must” retaliate after the U.S. ordered its Houston consulate to shut this week, amid allegations of spying. The editor of China’s Global Times said on Twitter that Beijing will announce countermeasures on Friday and ask one U.S. consulate to close. Earlier on Thursday U.S. Secretary of State Mike Pompeo said Washington and its allies must use “more creative and assertive ways” to ... (full story)