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Euro, Yen Draw Investors as U.S. Uncertainty Hurts Dollar


Monday, 24 December 2018 20:04 WIB

Yen Euro


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The euro and the Japanese yen gained in thin trading on Monday as concerns about a partial government shutdown in the United States weighed on investor sentiment and the dollar, although Chinese plans to cut trade tariffs helped lift the mood.

Trading volumes were thin with most global markets preparing to shut for Christmas, while Japan was closed for a holiday.

The Japanese yen, perceived as a safe place to put money in times of uncertainty, rose as much as 0.3 percent against the dollar to 110.81 before settling at 111.09. The yen's gains in the last six days total more than 2 percent.

The euro rose 0.1 percent $1.1389 while against a basket of its rivals, the dollar slipped 0.2 percent to 96.808.

Source : Reuters


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