North Korean leader Kim Jong Un and U.S. President Donald Trump both arrived in Vietnam on Tuesday, the eve of their second summit. In this second meeting they will tackle how to implement a North Korean pledge to give up its nuclear weapons.
The two leaders seemed to strike up a surprisingly warm relationship at their first summit in Singapore last June. This time they will meet for a brief one-on-one conversation on Wednesday evening, followed by a dinner. Then, they will meet again on Thursday.
Their talks come eight months after the historic summit in Singapore, the first between a sitting U.S. president and a North Korean leader.
The first meeting was all about breaking the ice after decades of war and bitter animosity between their countries. This time there will be pressure on both to move beyond the vaguely worded commitment they made in Singapore towards the complete denuclearization of the Korean peninsula.
Trump told reporters before he left, he and Kim would have “a very tremendous summit”. Tweeting on Monday, he stressed the benefits to North Korea if it gave up its nuclear weapons.
START TRADINGForex – Commodities – Second Trump-Kim summit in Vietnam
The dollar fell to a three-week low on Tuesday, with investors cautious ahead of a key testimony by Federal Reserve Chairman. Jerome Powell later in the session may provide further clues about the direction of future interest rates.
Against a basket of other currencies, the dollar was down 0.1% at 96.34, after earlier hitting a three-week trough of 96.253. The dollar was also down 0.2 percent versus the yen at 110.74.
Sterling rally loses some steam as PM May offers parliament Brexit delay choice. Sterling had soared past $1.32 earlier on Tuesday, hitting its highest level since October following media reports that May would rule out a no-deal Brexit. That had all helped push the pound to its highest level against the euro since May 2017. It rallied as much as 1 percent to 85.88 pence.
After May spoke to parliament sterling edged down from the day’s high against the euro and dollar. Against the greenback it fell below $1.32 from $1.3235, though still up 0.7 percent on the day. Versus the euro, it eased to 86.15 pence.
Sources: Reuters, Investing, CNN money
PLEASE NOTE The information above is not investment advice.