DJIA27219.52
LIVE35.37(0.13%)
NDX7892.96
LIVE-24.38(-0.31%)

Yen stands tall on global growth fears, central bank easing weighs on peers


Thursday, 8 August 2019 08:44 WIB

DOLLAR Yen Euro


c_740_198_16777215_00_images_assets_0000yen.jpg

The yen stood tall on Thursday, after global central banks startled markets with heavy rate cuts and threats of more to come as world economic risks grow, boosting the appeal of the safe-haven Japanese currency.

Broadening expectations of global monetary easing are now weighing on currencies such as the dollar and the euro, providing the yen with further support.

The yen was 0.15% firmer at 106.105 per dollar. It touched 105.500 overnight, its strongest level since Jan. 3, before pulling back slightly.

The dollar index against a basket of six major currencies stood little changed at 97.587 after dipping 0.1% overnight.

The index rose to a 27-month high of 98.932 just a week ago after Fed Chairman Jerome Powell ruled out lengthy monetary easing, but it has since declined sharply on resurgent prospects of more rate cuts. The euro nudged up 0.1% to $1.1211.

Source : Reuters


RELATED NEWS

  • The dollar extended losses in early trading in Europe Friday, as higher-yielding currencies advanced on hopes of at least a temporary truce to the U.S.-China trade war. President Donald Trump downpla...

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.