empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

2018.04.1201:49:00UTC+00Dollar Strengthens Against Yen but Gains Limited Due to Syria Concerns

The dollar climbed versus the yen on Thursday, but it gains were limited due to concerns over possible Western military action against Syria.

The geopolitical tensions shifted some focus away from the U.S.-China trade standoff, with the dollar rising 0.1 percent to 106.91 yen after losing 0.4 percent on Wednesday.

The dollar index against a basket of six major currencies was steady at 89.536, after having fallen on Wednesday to a two-week low of 89.355.

The greenback rose to 107.400 yen on Tuesday after comments from Chinese President Xi Jinping calmed fears over a U.S.-China trade war. The dollar has since lost momentum against the yen, however, as focus has shifted to the possibility of wider military conflict in the Middle East.

The euro eased 0.1 percent to $1.2361, stabilizing after its gains over the past several sessions. The euro has gained 0.7 percent so far this week, as comments from European Central Bank officials reinforced views that the central bank is on track to normalize monetary policy.

Commodity-linked currencies were also bolstered against the dollar with crude oil prices near their highest since late 2014 due to the Syria tensions. The Canadian dollar hit a seven-week high of C$1.2545 per dollar on Wednesday and last stood at C$1.2589.

The Australian dollar eased 0.1 percent to $0.7750 after notching $0.7773 on Wednesday, the highest since March 22.



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off