By Mexgroup.com
Dollar Slips Vs Yen As Risk Sentiment Wobbles. Risk-aversion sentiment pushed gold and the Japanese yen to their highest level since 11 August. The dollar inched lower versus the yen on Friday, hampered by renewed investor concerns over the Trump administration’s ability to push forward its economic policy agenda. The dollar fell 0.2 percent to 109.41 yen, adding to its 0.6 percent drop on Thursday.
Canadian Dollar Off Two-Week High. The Canadian dollar weakened against its U.S. counterpart on Thursday, as White House drama and an attack in Barcelona reduced investor appetite for the loonie after it hit a nearly two-week high earlier in the day. “People are rushing into the U.S. dollar out of Canada, but they are also rushing out of the U.S. dollar into the euro, gold, Swiss and yen,” said Eric Theoret, a currency strategist at Scotiabank.
Euro Steady But Down 0.8 Percent For The Week. The euro had tumbled to a three-week low of $1.1662 on Thursday, after the minutes of the European Central Bank’s July 20 policy meeting showed policymakers were worried that the repricing of the currency could overshoot. Even with its losses this week, the euro is still up more than 11 percent so far this year.
By MEX Group Team
The post The White House Rumors And Barcelona Attack Weigh On Market Sentiment 18-8-2017 appeared first on mexgroupblog.
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