The safe-haven yen rebounded after early sharp declines and the risk-sensitive Australian and New Zealand dollars turned losses as early optimism about global authorities’ efforts to contain a banking crisis ebbed.<\/p>\n\n\n\n
The Japanese currency, which is particularly sensitive to long-term Treasury bond yields, recovered from sharp losses of 0.6 percent to stabilize against the dollar after the yield on US ten-year bonds fell sharply near the start of trading in Europe after rising 12 basis points earlier.<\/p>\n\n\n\n
The Australian dollar, which earlier rose 0.7% to a nearly two-week high of $0.6743, fell 0.2% to $0.6683 in the latest trading. The New Zealand dollar fell 0.3% at $0.6250, giving up previous gains of 0.7%.<\/p>\n\n\n\n
And the yen reached in the latest trading to 131.79 per dollar, while maintaining gains of 2.5 percent from last week.<\/p>\n\n\n\n
The euro was stable at $1.0671 and the pound sterling was little changed at $1.2189, erasing the small gains it had previously recorded.<\/p>\n\n\n\n
The US dollar index, which measures the currency against six major currencies including the yen and the euro, settled at 103.80 after falling 0.7 percent last week.<\/p>\n\n\n\n
In the cryptocurrency market, bitcoin took a break after rising to a nine-month high of $28,474 on Sunday, and recorded a 1.5 percent decrease in its latest trading at about $27,629.<\/p>\n","protected":false},"excerpt":{"rendered":"
The safe-haven yen rebounded after early sharp declines and the risk-sensitive Australian and New Zealand dollars turned losses as early optimism about global authorities’ efforts to contain a banking crisis ebbed. The Japanese currency, which is particularly sensitive to long-term Treasury bond yields, recovered from sharp losses of 0.6 percent to stabilize against the dollar …<\/p>\n","protected":false},"author":9,"featured_media":71671,"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":[37,36],"tags":[7907,6923,6928,7199,8496,7167],"class_list":["post-81714","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boj","tag-ecb","tag-euro","tag-lagarde","tag-tightening-monetary-policy","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81714","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=81714"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81714\/revisions"}],"predecessor-version":[{"id":81715,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81714\/revisions\/81715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71671"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}