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Yen, Swiss franc firm as Wall St slide weighs on dollar


Wednesday, 24 October 2018 08:45 WIB

Dolar Yen


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The safe-haven Japanese yen and the Swiss franc held firm against the U.S. dollar on Wednesday as risk-averse investors trimmed their exposure to the greenback in the face of a weak performance on Wall Street.

The Japanese yen was steady at 112.43 in early Asian trade, having gained 0.32 percent on Tuesday and was the best performing currency in the G-10 space in that session.

The U.S. dollar index, a gauge of its value against six major peers, was wobbly in early Asia trade. It was last slightly lower at 95.94.

The Swiss franc , considered another safe haven, traded flat at 0.9952 on the dollar, after advancing over the last two sessions.

The euro was also steady at $1.1472, although bearish sentiment against the common currency amid Italy's budget woes has limited any chance of a rally.

Reuters


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