View full page at forexfactory.com

 

Dollar Drops Against Yen On U.S. Bond Concerns

From rttnews.com

The dollar is turning in a mixed performance against its major rivals Wednesday afternoon. The buck is little changed against its major European rivals, but is down significantly against the Japanese Yen. The safe haven status of the Yen is driving it higher against the dollar after reports that China is considering slowing or halting new Treasury purchases for foreign reserves. Bloomberg reported that Chinese officials are reviewing their stand on investment in U.S. government debt, given trade tensions between Beijing and Washington as well as relatively lower attractiveness for U.S. treasuries than other assets. ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis