Firm dollar keeps yen pinned near key 152 level

Firm dollar keeps yen pinned near key 152 level
Firm dollar keeps yen pinned near key 152 level

Singapore, April 3 (BNA): The dollar held near an over four-month peak on Wednesday, pinning the yen close to its lowest in decades though the serious threat of currency intervention by Tokyo capped further declines in the Japanese currency.

The yuan was little changed after a private-sector survey showed China’s services activity growth accelerated in March, in a sign sentiment was staging a tentative recovery in the world’s second-largest economy, Reuters reported.

The Japanese yen was last at 151.565 per dollar, languishing near last month’s slump to 34-year lows of 151.975 in the wake of the Bank of Japan’s historic policy shift.

The euro rose 0.06% to $1.07760, standing some distance away from an over one-month low hit in the previous session, after the US dollar ran into some profit-taking late overnight.

Sterling last bought $1.2580.

The dollar, which on Tuesday touched a near five-month high of 105.10 against a basket of currencies, was last steady at 104.72.

The Australian and New Zealand dollars, which are often used as liquid proxies for the yuan, have also come under pressure as a result of a stronger dollar and a weaker yuan.

The Aussie gained 0.04% to $0.6520, while the kiwi edged 0.03% higher to $0.5972.


The article is in Dutch

Tags: Firm dollar yen pinned key level


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