DJIA28992.41
LIVE-224.83(-0.77%)
NDX9446.69
LIVE-181.14(-1.88%)

Safe-Haven Demand Cools as Virus Fears Wane; Dollar Still Bid


Wednesday, 29 January 2020 04:44 WIB

Dolar Yenfranc,USD/JPY,USD/CHF


c_740_198_16777215_00_images_assets_CURRENCY3_yendolar.jpg

The Japanese yen and Swiss franc eased off earlier highs as fears about the economic fallout from the coronavirus outbreak in China waned, though the dollar index held near two-month highs.

Global markets had stabilized somewhat after a risk sell-off which ran from Monday through Tuesday morning. The Japanese yen was last 0.22% weaker at 109.13 per dollar, having hit a 2-1/2-week high on Monday. The Swiss franc was 0.36% weaker against the dollar, last at 0.973.

Earlier Tuesday the Swissie had strengthened to 1.067 francs per euro, its highest since April 2017.

The dollar index, another safe-haven asset, was slightly off the two-month high hit earlier in the day, but remained in demand on Tuesday afternoon. It was last trading up 0.4% on the day at 97.995.

Source : Reuters


RELATED NEWS

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.