Extrait:For the first time since May, the yen’s rate has dropped below 110 per USD, as positive outlook for the trade agreements has weakened market demand for safe-haven assets. Before the first phase of the trade agreement was signed on Wednesday, the U.S. government removed the “currency manipulator” label imposed on China.
For the first time since May, the yen‘s rate has dropped below 110 per USD, as positive outlook for the trade agreements has weakened market demand for safe-haven assets. Before the first phase of the trade agreement was signed on Wednesday, the U.S. government removed the “currency manipulator” label imposed on China. The change in the US’ attitude indicates that few uncertainty remains for the first phase of the US-China trade agreement, eliminating a major risk in the global market.
The yen has fallen 1.3% against the dollar since 2020, erasing all gains last year. And as tensions between the United States and Iran eased, yen has lost part of its safe-haven appeal, experiencing its biggest drop since October last week; improved risk appetite and technical momentum pushed the dollar to above 110 yen. Whether it will continue to rise further will depend on new catalysts such as US economic data and the rise in US Treasury Bond yields.
Avertissement:
Les opinions exprimées dans cet article représentent le point de vue personnel de l'auteur et ne constituent pas des conseils d'investissement de la plateforme. La plateforme ne garantit pas l'exactitude, l'exhaustivité ou l'actualité des informations contenues dans cet article et n'est pas responsable de toute perte résultant de l'utilisation ou de la confiance dans les informations contenues dans cet article.
APTS
BBI Trading
TMGM
SMART BALANCE
FXTM
IG
APTS
BBI Trading
TMGM
SMART BALANCE
FXTM
IG
APTS
BBI Trading
TMGM
SMART BALANCE
FXTM
IG
APTS
BBI Trading
TMGM
SMART BALANCE
FXTM
IG