Dollar rallies in Asia as Trump eases fears of trade war

President's remarks about the greenback and TPP calm rattled investors

20180126_US dollar

The dollar gained in Asia on Friday after U.S. President Donald Trump said he wanted a "strong dollar."

MITSURU OBE, Nikkei staff writer

TOKYO -- The dollar rallied in Asia on Friday after U.S. President Donald Trump reaffirmed a strong dollar policy while indicating his willingness to rethink the Trans-Pacific Partnership, easing jittery markets concerned about an impending global trade war.

In early Asian trading, the dollar rebounded against the Japanese yen, hitting above 109.60 yen from a low of 108.50 in New York overnight.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.