Dollar reaches year-to-date high versus yen

Monday, 11. February 2019 11:17

The dollar achieved moderate gains across the board on Monday, but managed to hit the highest point in three months compared to the Swiss franc and the strongest mark against the Japanese yen since December 31. The two other currencies, conventional safe haven assets, dropped on risk appetite together with the benchmark government bonds, including United States Treasuries. China came back online after a week-long Lunar New Year holiday and sentiment improved and spread, even though retail sales during the festivities came in with the weakest growth since measurement started in 2005. Optimism was limited on uncertainty about talks between China and the US and Republicans and Democrats in Congress in Washington.

The euro was down for the sixth straight session, buying $1.1305 or 0.15% less for the day at 11:15 am CET. The session low, $1.12965, was unseen since January 25. The pound was 0.23% in the red at $1.2906.

The greenback jumped 0.4% to ¥110.23 after touching ¥110.232. The exchange rate versus the Swiss franc advanced 0.26% to 1.00274. Earlier it spiked to 1.01003, but quickly gave back most of the gain. The dollar was 0.22% up at 6.79813 offshore Chinese yuan, compared to the maximum 6.80015, hit for the first time since January 24. It added 0.7% to trade at 6.7917 yuan after rising to 6.7926, last seen also on the said date.

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