Tag Archives: Yen.

Euro171

9 Sept: US$ makes further gains, hitting a 6 year high against the Yen. Commodity bloc lower.

9 Sept: US$ makes further gains, hitting a 6 year high against the Yen. Commodity bloc lower.

The dollar was strong again today assisted by a report, indicating that investors are underestimating how quickly rates will rise once the Fed begins hiking. Cable was unable to pick itself off the flow following the weekend poll on the Scotland independence vote. Commodity currencies reversed lower, pressured by the stronger US$ and weaker commodity prices.
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