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The dollar edged up to a three-week high against the yen on Tuesday amid hopes that the closely-watched U.S.-North Korea summit can pave the way towards a reduction in tensions between the two old foes.
U.S. President Donald Trump said he had forged a “good relationship” with North Korean leader Kim Jong Un on Tuesday, as their two countries tried to reach a diplomatic breakthrough at a landmark summit in Singapore.
The two men are seeking ways to narrow differences over how to end a nuclear standoff on the Korean peninsula.
The meeting, a key event for world markets, comes just months after they traded insults and tensions spiraled in the region over North Korea’s nuclear and missile programs as it raced toward the goal of developing a nuclear-tipped missile capable of hitting the United States.
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