Off the wire
• White House: We should have sent higher-profile official to Paris  • EU's neighborhood policy should be more flexible: commissioner  • Computers may know you better than friends: study  • Urgent: U.S. stocks extend losses as oil continues fall  • UN Mission in Afghanistan hails nomination of new unity cabinet  • Ebola puts future development of Liberia, Sierra Leone at high risk: World Bank  • IATA reiterates African states should open skies for air service liberalization  • 1st LD Writethru: Oil prices plunge as Wall Street cuts price forecast  • Spanish stock market rises 0.81 pct, closes at 9,797 points  • Spain's housing sales increase by 14 pct in November  
You are here: 　 Home

1st LD Writethru: U.S. dollar falls against yen amid safe-haven demand

Xinhua, January 13, 2015 Adjust font size:

The U.S. dollar rose against most major currencies on Monday but slipped against the Japanese yen as slump in oil prices and equity markets spurred market demand for safe-haven assets.

The Japanese yen advanced 0.19 percent against the dollar during the session as news came that oil prices plummeted after investment banks including Goldman Sachs reduced their price forecasts and that U.S. stocks retreated further on sinking oil prices.

The greenback regained steam on Monday after Friday's loss on the mixed nonfarm payroll report. The dollar index, which tracks the greenback against six major currencies, was up 0.02 percent at 91.952 in late trading.

With no major data came out of the country on Monday, investors were awaiting the closely-watched U.S. retail sales, jobless claims and consumer price index scheduled out later this week.

In late New York trading, the euro moved down to 1.1840 dollars from 1.1843 dollars in the previous session, and the British pound rose to 1.5180 dollars from 1.5166 dollars. The Australian dollar went down to 0.8164 dollars from 0.8203 dollars.

The U.S. dollar bought 118.32 Japanese yen, lower than 118.58 yen of the previous session. The U.S. dollar went up to 1.0144 Swiss francs from 1.0141 Swiss francs, and it moved up to 1.1956 Canadian dollars from 1.1861 Canadian dollars. Endite