The dollar surrendered the gains against the yen during the Asian session Thursday, after gaining more than 170 basis points in less than 32 hours and surpassing multiple seven-year highs.The greenback USDJPY, -0.36% traded at ¥118.02, after rising as high as ¥118.97, as it continued to revisit the highs from the summer of 2007, when investors scrambled to the perceived safety of the yen as U.S. credit markets seized up.
The pound GBPUSD, +0.01% fell to a 14-month low against the dollar after the U.K. retail sales price deflator fell by 1.5% from a year ago in October, pressured by the falling price of oil, an indication that inflation remains weak.
The U.S. Dollar Index DXY, -0.15% , a measure of the greenback’s strength against a basket of six currencies, was flat at 87.6200.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment