News about the US dollar rate index: On Monday, as Middle Eastern unrest alarmed markets, the safe-haven dollar and the Japanese yen both climbed somewhat. Meanwhile, the dollar gained ground thanks to a strong US employment report – Currency.
Reuters’ US dollar rate index: On Monday, as Middle Eastern unrest alarmed markets, safe-haven currencies like the US dollar and the Japanese yen eked out a little gain. Meanwhile, the US dollar gained ground thanks to a strong employment report. While Japan was closed for a vacation, the riskier Australian and New Zealand currencies declined in sparse Asian activity.
In comparison to the euro, the yen increased by more than 0.3% to 157.55, while the Australian dollar decreased by almost 0.7% at one time, reaching a session low of 94.84 yen. The last time the Japanese yen purchased 149.19 dollars. At the time, the feeling was tense.
According to Tony Sycamore, market analyst at IG Australia, there is a lot of uncertainty in the markets this morning. “The dollar will stay bid in the (currency) area, where some of these risk-aversion actions are likely to play out.
The euro declined 0.2% against the dollar to $1.0565, while the pound fell 0.1% to $1.2218. The dollar index was recently 0.11 percent higher at 106.21, boosted by Friday’s data showing US employment climbed by the highest in eight months in September, perhaps paving the way for a higher-than-expected inflation report later this week.
The Australian dollar was recently 0.24 percent weaker at $0.6369, while the New Zealand dollar sank 0.24 percent to $0.5975. China returns from its Golden Week vacation. According to official figures released on Saturday, the country’s foreign exchange reserves declined more than projected in September.
