Forex - Dollar up vs. yen, Swissie as possible intervention eyed
Investing.com
Published Aug 22, 2011 04:51AM ET
During European morning trade, the greenback was higher against the yen, with USD/JPY gaining 0.20% to hit 76.69.
Earlier in the day, Japan's finance minister Yoshihiko Noda warned that the country would take decisive action against any speculative moves, saying "We will watch markets even more closely than before to see whether there is any speculative activity. We won't rule out any measures and will take decisive action when necessary.”
The greenback was also higher against the Swiss franc, with USD/CHF rising 0.14% to hit 0.7864.
Elsewhere, the greenback was fractionally lower against the euro, with EUR/USD easing up 0.05% to hit 1.4401.
German Finance Minister Wolfgang Schaeuble said in a radio interview earlier that the euro remained a stable currency and that markets still had confidence in the single currency.
The greenback also slipped against the pound, with GBP/USD inching up 0.09% to hit 1.6481.
Meanwhile, the greenback was lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.31% to hit 0.9865, AUD/USD rising 0.21% to hit 1.0425 and NZD/USD climbing 0.44% to hit 0.8216.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.03% to hit 74.02.
Later in the day, the U.S. was to publish a report on mortgage delinquencies.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.