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Dollar gains with yen, Aussie drops as investors fret over recession risks

Channel News Asia LogoChannel News Asia1 mo ago

Dollar gains with yen, Aussie drops as investors fret over recession risks

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TOKYO : Worries about the risk of a global recession drove rallies in the safe haven Japanese yen and U.S.dollar on Friday while the risk-sensitive Australian dollar dipped to a two-year low.The yen gained to 135.105 per dollar, pulling away from the mid-week low of 137.

Meanwhile, the European Central Bank is expected to raise interest rates this month for the first time in a decade, although economists are divided on the size of any hike.

For the week, the dollar index is on track for a 0.75 per cent gain, which would be its best week in four.


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Article Details

Category: Economy

Topics: Friday Global Dollar Recession Time Sterling Index Cent Aussie Euro Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 10:51:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 710 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 24428

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 44m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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