Greenback dives to two-week minimum vs. yen on resuming trade tensions

Greenback dives to two-week minimum vs. yen on resuming trade tensions

On Monday, the US currency declined to a two-week minimum versus the Japanese yen because a latest flare-up in global trade worries affected investor risk appetites and suppressed American yields.

The evergreen buck tumbled by 0.4% hitting 109.54 yen having sagged to 109.45, which is its weakest outcome since June 11.

Market participants stood away from risk. Asian stocks rebounded and Treasury revenues went down after the Wall Street Journal posted that the US Treasury Department is working out rules, which would block businesses with at least 25% Chinese ownership from purchasing American companies having to do with industrially crucial technology.

According to the report, the sense of caution showed up after on Friday American leader Donald Trump threatened to put a 20% duty on all vehicles imported from the EU. In return, the European bloc responded by telling it’s going to retaliate anyway.

The USD index versus a group of six crucial currencies hit 94.559, having rebounded from 95.529, which is its highest value since July last year.

The US currency had soared to the 11-month maximum because higher American revenues had the divergence in monetary policies between the EU and America underlined.

However, the evergreen buck started sinking toward the end of the previous week because American revenues lost their lift amid resumed trade tensions between America and the EU. Additionally, the 10-year Treasury note revenue headed south to a one-week minimum of 2.871% on Monday.

The common currency was intact sticking with $1.1654 having gained approximately 0.5% on Friday. The euro was backed after Friday's positive German as well as French business activity data along with fresh assurances by Italian politicians that their nation wouldn’t break up with the euro.

As for commodity-linked currencies, they went down because a soar by crude prices ran out of steam amid another round of trade tensions.


Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera