Dollar extends losses vs yen, hits lowest since mid-Sept

By Kitco News / January 23, 2018 / www.kitco.com / Article Link

SINGAPORE, Jan 24 (Reuters) - The dollar slipped to a four-month low against the yen on Wednesday, pressured by simmering concerns that the U.S. currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus.

The dollar touched a low of 110.06 yen at one point, its lowest level since Sept. 15, and was last trading at 110.16 yen, down 0.1 percent from late U.S. trade on Tuesday.


(Reporting by Masayuki Kitano; Editing by Shri Navaratnam)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

US tariff hikes shock market and drive retaliation

February 03, 2025 / www.canadianminingreport.com

Defensives and other sectors far outpace tech since H2/24

February 03, 2025 / www.canadianminingreport.com

Gold miner stock ETFs outpace rest of sector from mid-2024

January 27, 2025 / www.canadianminingreport.com

Gold stocks outpace broader equity gains

January 27, 2025 / www.canadianminingreport.com

Gold stocks rise but lag broader equity gains

January 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok