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US dollar dips versus yen as growth concerns shake confidence

From reuters.com

The dollar dipped against the safe-haven yen on Thursday amid a spike in risk aversion, as equities continued their retreat on concerns about growth in the world’s largest economy. The U.S. currency dipped 0.2 percent to 112.98 yen, handing back some of the modest gains made overnight. Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth. The spread between the two-year and five-year Treasury yields inverted this week and the two-year/10-year spread was at its flattest in more than a decade ... (full story)

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  • Category: Fundamental Analysis