The safe-haven yen and the US dollar started the week on the rise against more risky currencies such as the Australian dollar, as the rise in Covid-19 cases and the decline of stocks in Asia led to a state of caution ahead of the Federal Reserve (US Central Bank) meeting this week.<\/p>\n\n\n\n
The yen rose about 0.5% to 81.08 against the Australian dollar on Monday, while the US currency gained 0.2% to $0.7351 against its Australian counterpart, approaching an almost eight-week high reached last week at $0.72895.<\/p>\n\n\n\n
Against the dollar, the Japanese currency added 0.2% to 110.32 yen, thanks to lower US Treasury yields.<\/p>\n\n\n\n
The euro rose 0.1% to $1.17795, settling after falling last week to its lowest level since early April at $1.1752.<\/p>\n\n\n\n
The dollar index, which measures the performance of the US currency against six major currencies, fell slightly to 92.833 but remains close to the peak of three and a half months recorded last week at 93.194.<\/p>\n\n\n\n
Bitcoin extended gains from near $29,000 last week to hit the $40,000 threshold on Monday for the first time since mid-June. And recorded in the latest trading, an increase of 8.5% to 38,455 dollars.<\/p>\n","protected":false},"excerpt":{"rendered":"
The safe-haven yen and the US dollar started the week on the rise against more risky currencies such as the Australian dollar, as the rise in Covid-19 cases and the decline of stocks in Asia led to a state of caution ahead of the Federal Reserve (US Central Bank) meeting this week. The yen rose …<\/p>\n","protected":false},"author":9,"featured_media":31172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-48729","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=48729"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48729\/revisions"}],"predecessor-version":[{"id":48730,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48729\/revisions\/48730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31172"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=48729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}