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New Month, Same Heavy Dollar
In quiet turnover, with China, Hong Kong, Singapore and London markets closed, the US dollar is trading with a heavier bias against all the major currencies. Lower commodity prices, including oil and copper, appears to be taking a toll on some emerging market currencies, including the South African rand. Japanese markets were closed last Friday and will be closed the next three sessions. The yen appreciated nearly 5% in the aftermath of the FOMC/BOJ meetings last week. The greenback's losses were extended to JPY116.15 earlier today, taking a toll on Japanese equities. The Nikkei gapped sharply lower and ended off ... (full story)
