* Yen steadies as investors bet Abenomics survives * China services growth drives yuan to 14-month top * Dollar under pressure in choppy trade * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E By Tom Westbrook SINGAPORE, Aug 31 (Reuters) – The dollar was poised to register a fourth straight monthly drop on Monday as investors bet on U.S. rates staying low for longer, while the yen steadied on the view that Japan’s next leader will stay the course on the ‘Abenomics’ economic revival programme. Chief Cabinet Secretary Yoshihide Suga, a long-time lieutenant of Shinzo Abe is in a favourable position, Japanese media reported, as he is expected to get the backing of important factions within his ruling party. The yen eased by about 0.3% in Asia to 105.62 per dollar, having climbed as far as 104.195 on Friday in the wake of Abe’s resignation as prime minister for health reasons. Yen crosses also reeled in some of Friday’s leap. Elsewhere trade was choppy as the boost to Asian currencies from a solid expansion in China’s service sector had begun to fade a bit. Nevertheless, the Australian dollar touched a 21-month peak of $0.7381 and remains set to post a fifth… Read full this story
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