Market updates on June 25
Welcome to Tuesday!
Japanese yen reaches eight-week maximum vs. greenback on fresh bout of Korean tensions
On Wednesday, the Japanese yen reached an eight-week maximum versus the greenback and made broad revenues versus other peers, following the latest bout of geopolitical tensions in the Korean Peninsula.
North Korea told that it’s actually examining a possibility of a missile attack on the US Pacific territory of Guam, several hours after Donald Trump warned North Korea that any threat to America would be met with fury and fire.
The evergreen buck sagged versus the Japanese yen. This Asian currency is often bought in times of geopolitical tension. The greenback lost 0.4% being worth 109.890 yen.
The South Korean won tumbled more than 0.8% hitting 1,135.6 to the greenback, its lowest outcome since July 14.
The common currency demonstrated a 0.6% slide trading at 128.960 yen, having hit a 1-1/2-year maximum above 131.00 the previous week.
The Australian dollar that went up to a 19-month maximum close to 90.00 yen late in July, tumbled 1% to a one-month minimum of 86.43 yen.
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Will the RBNZ push the kiwi higher?
The Reserve bank of New Zealand will publish its rate statement and make the interest rate’s announcement on June 26, at 5:00 MT time.
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