Article by ForexTime
After a brief pick up in risk appetite, it appeared to have waned in to the Asian session on Friday. This helped the safe havens gain, such as the Japanese currency and gold.
The yen was 0.1 per cent stronger this morning at Y117.95 per dollar. Japanese benchmark 10 year government bonds – another popular haven – were slightly firmer on Friday with yields, which move opposite to price, down 0.2 basis points to 0.242 per cent. Yields fell to a record low 0.197 per cent during volatile Asian trading on Thursday.
Gold crept less than 0.1 per cent higher to $1,078.79 an ounce, after dropping 1.4 per cent on Thursday as investors retreated from haven assets.
The worst-performing currencies this morning were the Australian and New Zealand dollars, both down 0.4 per cent.
Brent crude was struggling on Friday to hold on to its overnight rebound, slipping 0.2 per cent to $30.82. The international benchmark closed higher by 2.4 per cent on Thursday in New York, ending an eight-day losing streak that was its equal third-longest on record, according to daily data back to 1988. West Texas Intermediate, the US marker, was down 1.1 per cent at $30.85.
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Article by ForexTime
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