Greenback slumps vs. yen, affected by North Korea worries and Fed outlook

Greenback slumps vs. yen, affected by North Korea worries and Fed outlook

On Wednesday, the US currency declined versus the Japanese yen, approaching a recent 4-1/2 month minimum, suppressed by simmering tensions on the Korean peninsula as well as comments by a Fed official about low American inflation.

The greenback tumbled 0.2% reaching 108.60 yen and hit a minimum close to 108.50 yen in early Asian trade.

On Tuesday, a top North Korean diplomat told that the isolated nation was ready to deliver more gifts to America.

Both the Japanese yen and the Swiss franc have ascended this week because geopolitical tensions resumed after on Sunday North Korea conducted a mighty nuclear test, thus affecting traders’ appetite for riskier assets.

The Swiss franc rallied approximately 0.1% being worth 0.9538 franc per greenback, with the franc having ascended 1.1% this week.

The common currency grew 0.1% trading at $1.1923, although staying below a 2-1/2 year maximum of $1.2070 reached the previous week.




Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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