* Kiwi dollar falls after touching 4-1/2-month high * US dollar rises versus commodity currencies * Japanese yen rises to one-week high * Swiss franc surges to more than two-month peak * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Recasts, adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, June 9 (Reuters) - The safe-haven yen and Swiss franc on Tuesday gained for a second straight day this week as U.S. stocks stumbled a day after a blistering rally that propelled the tech-heavy Nasdaq to an all-time high. The yen rose to one-week highs against the dollar, while the Swiss franc climbed to its highest in more than two months versus the greenback. Japanese investors have also sold the dollar as they positioned for the likelihood that the Federal Reserve will take steps to flatten the Treasury yield curve, which has steepened as rates on the long end rose. U.S. stocks opened lower as investors cautiously looked ahead to the Fed statement on monetary policy on Wednesday. The Nasdaq later reversed losses. "Despite the historic rally in the stock market, there's a an enormous amount of risk out there to the outlook," said Edward Moya, senior market analyst, at OANDA in New York. "As the economy reopens fully, there's going to be a surge, but I don't think that's going to be long lasting. There are concerns that risk assets are near their peak and we're probably going to see a little period of consolidation," he added. In late morning trading, the dollar fell 0.5% against the yen to 107.84 yen, after earlier touching a one-week low of 107.67 yen. Against the Swiss franc, the dollar dropped 0.8% to 0.9498 franc, after earlier plunging to 0.9496, the lowest since late March. The euro recovered early losses to trade up 0.4% to $1.1340. The U.S. dollar index fell 0.3% to 96.314. Investors are looking ahead to Wednesday's Fed announcement following a two-day meeting. Speculation is growing that the U.S. central bank might adopt yield targets on bonds, or some other measures to anchor long-term yields. Also on Tuesday, commodity currencies reversed their gains against the U.S. dollar. The Australian dollar was last down 0.8% at US$0.6964. Earlier in the Asian trading session, it rose to an 11-month high of US$0.7043. The New Zealand dollar fell 0.5% to US$0.6522, off the four-and-a-half-month high touched earlier. "All the things that have done exceptionally well since March 23 when the Fed made all financial markets rise again are in reversal today, and the one currency that has gone down against the dollar since then was the yen," and now the yen is reversing, said Kit Juckes, macro strategist at Societe Generale. "We've had two and a half months of rocking risk-on that's taken equities market further than anybody would have expected and we're having a big co-ordinated joined-up pause ahead of the Fed meeting," Juckes said. ======================================================== Currency bid prices at 10:59AM (1459 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1353 $1.1292 +0.54% +1.28% +1.1357 +1.1242 Dollar/Yen JPY= 107.7100 108.4200 -0.65% -1.06% +108.5400 +107.6800 Euro/Yen EURJPY= 122.28 122.46 -0.15% +0.27% +122.6000 +121.3500 Dollar/Swiss CHF= 0.9490 0.9576 -0.90% -1.94% +0.9585 +0.9489 Sterling/Dollar GBP= 1.2721 1.2722 -0.01% -4.06% +1.2755 +1.2619 Dollar/Canadian CAD= 1.3426 1.3382 +0.33% +3.39% +1.3487 +1.3359 Australian/Doll AUD= 0.6976 0.7019 -0.61% -0.64% +0.7042 +0.6899 ar Euro/Swiss EURCHF= 1.0776 1.0816 -0.37% -0.70% +1.0828 +1.0747 Euro/Sterling EURGBP= 0.8922 0.8874 +0.54% +5.54% +0.8938 +0.8865 NZ NZD= 0.6527 0.6557 -0.46% -3.10% +0.6579 +0.6471 Dollar/Dollar Dollar/Norway NOK= 9.2618 9.2570 +0.05% +5.48% +9.4228 +9.2227 Euro/Norway EURNOK= 10.5150 10.4650 +0.48% +6.88% +10.5960 +10.4300 Dollar/Sweden SEK= 9.1616 9.2041 +0.15% -1.99% +9.2973 +9.1576 Euro/Sweden EURSEK= 10.4055 10.3896 +0.15% -0.61% +10.4580 +10.3839 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Olga Cotaga in London and Andrea Ricci)
https://finance.yahoo.com/news/forex-safe-haven-yen-swiss-152701506.html
2020-06-09 15:27:00Z
CBMiSGh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9mb3JleC1zYWZlLWhhdmVuLXllbi1zd2lzcy0xNTI3MDE1MDYuaHRtbNIBUGh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL2ZvcmV4LXNhZmUtaGF2ZW4teWVuLXN3aXNzLTE1MjcwMTUwNi5odG1s
Bagikan Berita Ini
0 Response to "FOREX-Safe-haven yen, Swiss franc rally as U.S. stock market falters - Yahoo Finance"
Post a Comment