LONDON: The yen dipped for a second day versus the dollar while stocks climbed around the world before U.S. reports this week that economists said will show an improving labor market.
Japan’s currency also weakened versus all of its 16 major counterparts as a rally in crude oil prices reduced demand for haven assets. The dollar strengthened for a fifth day against the euro amid signals the Federal Reserve is moving toward raising interest rates. Australia’s currency gained after building approvals unexpectedly increased in November. Malaysia’s ringgit rose for the first time in five days.
“The decline in oil has stopped and stocks are being bought back along with the dollar as risk aversion dissipates,” said Akira Moroga, manager of currency products at Aozora Bank Ltd. in Tokyo. “The dollar could recover to 120 yen if market sentiment stays positive.”
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
