Dollar And Yen Spikes Higher Against Majors
During early Asian trading on Tuesday, the dollar and the yen spiked higher against its major opponents as risk averse investors sold off high-yielding currencies.
The greenback surged higher to 1.4947 against the euro and 1.0112 against the Swiss franc around 7:05 pm ET, compared to Monday’s New York session closing values of 1.4962 and 1.0103 respectively. The dollar also drifted higher to 1.6591 against the pound and this may be compared to Monday’s New York session close of 1.6607.
The yen advanced to 147.45 against the pound and 88.87 against the greenback by 7:10 pm ET. The yen that closed yesterday’s deals at 88.98 versus the buck and 147.77 against the sterling is currently quoted at 88.9 and 147.5, respectively.
The yen also climbed to 87.93 against the franc and 132.82 against the euro during this time, compared to 88.12 and 133.12, respectively hit late New York Monday. The yen is currently trading at 87.98 against the franc and 132.9 versus the euro.
The yen ticked higher against the commodity-related currencies also. The yen soared to a high of 64.96 against the NZ dollar, 81.95 versus the Australian dollar and 84.01 against the Canadian dollar around 7:15 pm ET. The yen was worth 65.22 against the kiwi, 82.23 versus the aussie and 84.32 against the loonie at Monday’s North American close.
