Asian FX steadies as oil rises; yen holds gains
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com-- Asian currencies and the U.S. dollar were largely subdued on Friday as investors weighed rising energy costs and geopolitical tensions, while the yen held firm after a safe-haven rally driven by concerns over global growth and technology-sector valuations. Still…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA weaker dollar and firmer yen reflect risk aversion, with mixed sentiment signals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The US Dollar Index traded near 101.60, close to a three-week low.
- 02The yen hit a more than one-month high, with USD/JPY at 156.90.
- 03The dollar was set for a second straight weekly loss.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar Index101.5280-0.01%today -0.25%Negative US Dollar/Japanese Yen FX Spot Rate156.9231-0.01%today +0.09%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets