Tue Apr 5, 2016/Reuters By Nigel Stephenson The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors pulled away from riskier assets, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded. The Japanese currency, often sought in times […]
Tag: Yen
IMF Says Identifies Chinese Renminbi in Currency Composition of Forex Reserve Effective October 1
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Global lender, the International Monetary Fund (IMF) said on Friday it will separately identify the renminbi (RMB) in its official foreign exchange reserves database starting October 1, 2016. “The change will be reflected in the survey for the fourth quarter of 2016 that will be […]
Yen firms vs. dollar and euro as investors shun risk
The yen rose on Friday as investors covered short positions and shunned risk, helping the Japanese currency move away from recent lows against the dollar and euro. The dollar fell 0.4 percent to 104.32 yen, down more than a full yen from a five-year high of 105.45 yen set on […]
