6:38:20 AM PST - Saturday, December 14th, 2019

FOREX-Yen near 7-mth peak vs dollar; Hong Kong, Argentina woes fan risk aversion  

By Editor - Tue Aug 13, 12:34 am

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The yen traded close to a seven-month high against the dollar on Tuesday, as unrest in Hong Kong and gyrations in Argentina’s markets heightened investor risk aversion and fanned demand for the safe-haven Japanese currency. The yen was at 105.495 per dollar after brushing 105.050 overnight, its strongest since Jan. 3. The Japanese currency, which attracts flight-to-safety flows in times of market turmoil, has been on a solid footing this month, supported by factors such as U.S.-China trade tensions and the prospect of further monetary easing by the U.S. Federal Reserve

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FOREX-Yen near 7-mth peak vs dollar; Hong Kong, Argentina woes fan risk aversion

  • Comments Off on FOREX-Yen near 7-mth peak vs dollar; Hong Kong, Argentina woes fan risk aversion

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