0510 GMT - Asian currencies mostly strengthen against the dollar on hopes of China-U.S. trade talks. China is evaluating the possibility of discussing tariffs with the U.S., the Chinese commerce ministry said earlier. Maybank analysts note that China's state media reported that the U.S. had reached out via numerous channels to initiate trade talks with Beijing. USD/CNH has reacted with a pullback, taking USD lower versus Asia ex-Japan currencies as well, the analysts say in a FX Research & Strategy report. USD/CNH drops 0.3% to 7.2547; USD/TWD slides 2.5% to 31.30 after earlier touching 31.16, the lowest intraday level since February 2024, according to FactSet. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 01:10 ET (05:10 GMT)
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