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U.S. dollar declines against yen amid global rout

Xinhua, February 12, 2016 Adjust font size:

The U.S. dollar slipped to 15-month-low against the Japanese yen on Thursday as global market turmoil continued to raise need for safe-haven assets.

Europe stocks were dragged down by the banking sector amid growing uncertainty surrounding interest rates and non-performing loans, with French benchmark index CAC 40 diving 4.05 percent.

In Asia, Hong Kong's Hang Seng Index fell 3.9 percent as the market reopened after the extended holiday, catching up with the week's turmoil.

U.S. stocks also ended lower Thursday following global rout in equity markets.

Moreover, crude prices plunged Thursday as market expected the supply to surpass the demand.

The yen rose almost 2 percent against the greenback in the morning session, touching the lowest level since Nov. 2014.

The U.S. dollar traded mixed against six other major peers on Thursday. The dollar index, which measures the greenback against six major peers,was down 0.36 percent at 95.540 in late trading.

In late New York trading, the euro rose to 1.1338 dollars from 1.1272 dollars of the previous session, and the British pound decreased to 1.4472 dollars from 1.4529 dollars. The Australian dollar went down to 0.7096 dollars from 0.7108 dollars.

The dollar bought 112.21 Japanese yen, lower than 113.76 yen of the previous session. The dollar moved down to 0.9711 Swiss francs from 0.9732 Swiss francs, and it climbed to 1.3937 Canadian dollars from 1.3915 Canadian dollars. Endit