DJIA0
LIVE0(0%)
NDX0
LIVE0(0%)

Yen hits more than four-month high on trade-war, growth worries


Monday, 3 June 2019 08:45 WIB

Yenmata uang yenYen Jepang


c_740_198_16777215_00_images_assets_CURRENCY3_dolaryenjepang.jpg

The yen brushed a more than four-month high against the dollar on Monday as U.S. President Donald Trump's hard stance on trade broadened to countries beyond China, forcing investors to safe-haven assets, including government bonds.

With trade issues remaining front-and-center, investor risk appetite has been weighed by fears of a global growth slowdown that has helped stoke government debt demand and triggered an equity selloff.

In a recent development, U.S. and Mexican officials were preparing for trade talks after Trump vowed to impose punitive tariffs on all Mexican goods in an intensifying dispute over migration.

The yen was last steady at 108.23 yen per dollar, paring gains after briefly hitting 108.17, its highest since Jan. 15. On Friday, it had booked its sharpest daily rise in more than two years, climbing a little over 1.2% during the session.

Source : Reuters


RELATED NEWS

  • The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.