Note

BREAKING NEWS: Yen Pressured as Vaccine Hopes Boost Risk Appetite

Verified Official
· View 751


BREAKING NEWS: Yen Pressured as Vaccine Hopes Boost Risk Appetite

TOKYO (Reuters) - The yen scraped back some losses against the U.S. dollar on Tuesday, after the safe currency took a drubbing on news of the development of a coronavirus vaccine which raised optimism of a global economic recovery.

U.S. drugmaker Pfizer Inc and German partner BioNTech SE said a large-scale clinical trial showed their vaccine was more than 90% effective in preventing COVID-19.

The yen edged higher to 105.07 against the dollar, after suffering its biggest loss overnight since March. It fetched 76.42 against the Australian dollar, having lost more than 2% overnight.

The Australian dollar steadied at $0.7275 against its U.S. counterpart after touching a seven-week high on Monday.

The euro stood little changed at 1.1819, having fallen more than 0.4% overnight.

Against a basket of currencies, the dollar held steady at 92.75, slightly above Monday's 10-week trough of 92.12.

Read more from the original article: https://www.reuters.com/articl...

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

If you like, reward to support.
avatar

Hot

No older comments, be the first to grab the sofa.

login