Monday morning in Asia, the yen jumped to multi-week highs against its European, Swiss, Australian and New Zealand counterparts as a slide in Asian stocks boosted demand for the safe-haven Japanese currency. The yen also climbed to a 5-day high against the Canadian dollar. Concerns over the U.S. banking sector following the disappointing results by
The Australian dollar lost ground on Monday morning in Asia as a decline in Asian stocks reduced demand for higher-yielding currencies. The aussie slumped to a 2-week low against the yen and multi-day lows against the currencies of US and Europe. The Australian market is trading weak today, tracking weak cues from Wall Street and
The British currency extended its early morning uptrend against major opponents during New York mid-day trading on Wednesday. The pound climbed to a new multi-week high against the US dollar. U.K.’s industrial production rose 0.4% in November on a monthly basis, after easing 0.1% in the previous month, the Office for National Statistics said in
The Australian dollar, which slumped to multi-day lows against most majors on Tuesday after China tightened its monetary policy, edged slightly higher on Wednesday morning in Asia despite a drop in regional shares. The Australian stock market is trading weak today with the overnight negative close on Wall Street and lower oil and metal prices
The Australian dollar strengthened against the currencies of the US and Europe in early Asian trading on Monday after a dismaying U.S. employment data on Friday sent the greenback down as traders expect the Federal Reserve will continue its stimulatory measures and low interest rates at least for another six months. The U.S. Labor Department
