The yen hovered near its lowest level this year on Monday as more signs of stabi...
TOKYO - The yen hovered near its lowest level this year on Monday as more signs of stabilization in the Chinese economy and an upbeat start to the U.S. earnings season prompted investors to abandon the safe-haven currency to seek higher returns elsewhere.
The safe-haven Swiss franc has also eased against the euro, which strengthened to 1.1340 franc, recovering its losses made late last month to hit a three-week high on the franc. Although China’s imports remained weak, the data on the whole cemented hopes that the Chinese economy is bottoming out after a soft patch as Beijing has curbed de-leveraging efforts and stepped up support for the economy in recent months.
The S&P 500 index has reached its highest level in six months, coming within sight of testing a record high marked in September last year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yen near this year's lows as risk appetite improvesThe yen hovered near its lowest level this year on Monday as more signs of stabi...
Read more »
Yen near this year's lows, franc soft on rising risk appetiteThe yen hovered near its lowest level this year on Monday as more signs of stabi...
Read more »
Yen holds gains on U.S.-Europe trade tension, Brexit summit in focusThe safe-haven yen held most of its recent gains on Wednesday as investor cautio...
Read more »
Global trade tension, growth worries underpin yen; Brexit summit in focusThe safe-haven yen remained in demand on Wednesday as investor caution prevailed...
Read more »
Japan’s Golden Week could provide opportunities for currency traders, but business as usual for bond investorsFor yen investors, fluctuations in the currency have traditionally been correlated with equity markets and the broad industry sentiment. As risk appetite falls, investors flock to haven-related assets such as the Japanese yen.
Read more »
'Great Wave' to feature on new Japanese banknotesFamous woodblock print 'The Great Wave off Kanagawa' will feature on a Japanese banknote for the first time, in one of three new designs unveiled Tuesday by the country's finance ministry.
Read more »
Yen near this year's lows, franc soft on rising risk appetiteThe yen hovered near its lowest level this year on Monday as more signs of stabi...
Read more »
Yen near this year's lows as risk appetite improvesThe yen hovered near its lowest level this year on Monday as more signs of stabi...
Read more »
Global financial stability risks still on the riseRisks to the financial system have grown over the past six months and could increase with a messy Brexit or an escalation of US-China trade tensions, the International Monetary Fund said on Wednesday.
Read more »