Yen rises, euro falls amid gloomy economic recovery

06.05.2020 - Petr Mazaylo
Yen rises, euro falls amid gloomy economic recovery

The Japanese yen climbed to a three-year peak against the euro and a seven-week high against the dollar on Wednesday amid a rocky global economic recovery.

The euro stood at 1.0826 against the dollar and at 115.09 against the yen. 

The yen climbed to 106.22 against the dollar. Other major currencies steadied amid the U.S.-China tensions that dampened market mood.

The yen gained 2% on the dollar and almost 6% on the euro for this year. It reached a three-week high on the Korean won and nearing a month high on the Australian dollar.

The Australian and the New Zealand dollars both steadied against the dollar, trading at $0.6432 and $0.6052, respectively. 

The pound firmed at $1.2431.

U.S. President Donald Trump pressed China regarding the origins of the virus again. Markets closely await Beijing’s response to Trump’s comments. An escalation of the tensions could lead to new tariffs on Chinese imports.

The Chinese yuan recovered some of its losses and traded at 7.0885 against the dollar.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?