Safe-Haven Yen Rises against the Dollar (Reuters)
The yen’s liquidity makes it an attractive safe-haven currency for investors. Indeed, the dollar fell today 0.1%, to 98.44 yen. Overall trading volume was low due to holidays in Japan and the United States. “The seemingly once-dismissed threat of a U.S. default is very much alive,” said Christopher Vecchio, currency analyst at FXCM-owned DailyFX.co. “The re-introduced tension has the Japanese yen reviving its role as safe-haven du jour,” hurting the dollar’s value.
“There’s more wisdom in your book than four years of college education!” -- Subscriber Back…
There is a famous saying that has been floating around the internet regarding the “Five…
Today is May 1, a day that’s also known as “May Day” in many countries…
Ten reasons to day-trade with mentors in a virtual room highlight why now is a…
Last year’s fourth-quarter downtrend for inflation looks to have bottomed out at just under the…
The intrinsic and extrinsic value of an option make up the total value of the…