
In Currency Trading, yen completed a six-week high versus the euro and dollar may extend its gain as a drop in U.S. financial shares encouraged investors to demand safe currencies.
On the other hand, Canada’s dollar weakened for a third day as a decline in stocks and crude oil, it pushed investors into safer assets. The Loonie depreciated 0.9 percent to C$1.1033 per U.S. dollar at 4:32 p.m. in Toronto, from C$1.0938 yesterday. It touched C$1.1092 yesterday. One Canadian dollar purchases 90.63 U.S. cents.
In other main Fundamentals, The dollars of Australia and New Zealand, which like the Loonie, tend to rise and fall with stocks and commodity prices, fell 2.1 percent and 1.6 percent, respectively, against their U.S. counterpart. Sterling traded near the lowest level against the euro since June as manufacturing in the U.K. unexpectedly contracted and consumers repaid debt by the most on record. Mexico’s peso dropped the most in four months on speculation the central bank will reduce the amount of dollars it sells daily.
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