Against a basket of currencies the dollar was roughly where it ended last week, holding at 99.692. The Japanese yen fetched 107.79 per dollar. — Reuters pic
Against a basket of currencies the dollar was roughly where it ended last week, holding at 99.692. The Japanese yen fetched 107.79 per dollar. The Chinese yuan, a barometre of relations between the world’s two biggest economies, firmed a bit to 7.1427, though it remains near a two-month low of 7.1465 hit on Friday.ANZ Bank upgraded its forecasts for the Antipodean currencies, but still expects both to fall, with the Aussie forecast at US$0.60 and the kiwi at US$0.55 in December.
The latest salvos came over the weekend, with White House National Security Adviser Robert O’Brien warning of potential sanctions if Hong Kong’s autonomy was undermined, and China’s top diplomat Wang Yi criticising US attacks as a “smear”.
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