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Thursday, October 22, 2020
Home Business Dollar weakens to around ¥105.50 in Tokyo trading

Dollar weakens to around ¥105.50 in Tokyo trading

The dollar reduced to around ¥ 105.50 in sluggish Tokyo trading Thursday.

At 5 p.m., the dollar stood at ¥ 105.53, below ¥ 105.61 at the very same timeWednesday The euro went to $1.1736, up from $1.1730, as well as at ¥ 123.81, below 123.86.

After increasing over ¥ 105.50 in the early morning many thanks to purchasing by Japanese importers for negotiation functions, the dollar reduced back a little and after that ended up being virtually fixed, investors claimed.

“A wait-and-see mood prevailed,” in advance of the UNITED STATE Institute for Supply Management’s regular monthly production index for September turning up later on Thursday as well as the UNITED STATE federal government’s work record for the very same month Friday, an authorities at a fx margin trading solution company claimed.

In enhancement to the Chinese market’s closure for a legal holiday, the full-day closure of the money stock market in Japan as a result of a system problem at the Tokyo Stock Exchange “also damped dollar-yen transactions,” a money broker claimed.

Source

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