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        Sino US trade agreement hopes to boost US dollar


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The dollar rose to a nearly two-week high against the safe haven day on a four week circle as there were reports that the US had reached a principled trade agreement with China, and a few days later it was the deadline for the us to impose new tariffs on Chinese imports.
A source familiar with the talks said Thursday that the United States and China have reached a "first stage" trade agreement in principle, and the White House is expected to make a statement soon.
The report comes after President trump earlier said the United States was "very close" to reaching an agreement with China.
The dollar rose 0.75% to 109.35 yen, its highest level since December 2. Because Japan is the world's largest creditor, the yen tends to attract investors in times of geopolitical or financial tensions.
The dollar fell 1.06% against the offshore yuan to a one month low.
"We see a strong risk appetite response in the foreign exchange market," said Vassili serebriakov, currency strategist at UBS


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