Free Trial

Improved risk appetite saw dollar-yen and.....>

FOREX
FOREX: Improved risk appetite saw dollar-yen and yen crosses weaken modestly
during a quiet Asia-Pacific session. Dollar-yen rose from Y109.00 to Y109.45,
last at Y109.39. Aussie climbed higher from $0.7888 to $0.7919 and was last at
$0.7905. Demand in Aussie-yen was reportedly behind the up move, upbeat Japanese
economic data, higher US stock futures and firmer US rate yields seen
underpinning risk. Kiwi-dollar trekked higher from 0.7307 to $0.7331, better
than expected NZ Q2 Retail Sales helped to underpin the kiwi. Meanwhile,
Euro-dollar currently trades at $1.1830 and Cable at $1.3030, after trading in
respective ranges of $1.1815 to $1.1835 and $1.3000 to $1.3022.  

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.