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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThis Monday, the dollar rose against the yen, fell against
the euro. The
Chinese yuan is growing thanks to a firmer than expected correction and
commercial optimism .
The dollar appreciated against the yen and rose slightly
fell against the euro on Monday, while the attention of investors was
temporarily focused on political developments in Japan and in the
eurozone, while continuing concerns about the risks of
American credit continued to weigh on market morale. The dollar has
increased by 0.1% to 150.75 yen, after reaching 151.20 earlier in the
session. Hajime Takata, member of the Board of Directors of the Bank of Japan,
who voted against keeping rates unchanged in September, reiterated
Monday his plea for a resumption of rate hikes, bringing a
some support for the Japanese currency.
The Australian dollar rose on Monday, supported by
reasons for optimism about its main trading partner, the
China, data showing that the Chinese economy is quite resilient to
American tariffs, while Donald Trump has moderated some of his
About trade.
The yen weakened as the curator
Radical Sanae Takaichi seemed in a good position to become the first
woman Prime Minister of Japan, after a decisive vote in Parliament
scheduled for Tuesday.
The
Chinese yuan improved slightly against
Dollar on Monday, supported by official forecasts that were still firmer than
expected and by the optimism that trade tensions with Washington
subsided as Beijing met for the plenum.
At 03:20 GMT, the onshore yuan was up by
0.04% at 7.1248 per dollar, while its offshore counterpart traded at
7,1260.
Before the market opened, the People's Bank of China (PBOC) set the median rate at 7.0973 per dollar, or 345 pips of more than the Reuters' estimate of 7,1318.
Cash yuan is allowed to be traded by 2%
on each side of the fixed midpoint each day.
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