Off the wire
• News Analysis: Iran's position on Syria influences gains of nuclear deal: experts  • ECB foreign exchange rates of Euro to other currencies  • General Assembly to schedule meeting with new candidates for UN chief in June  • Rio 2016 to limit capacity for athletics test event  • Brazil's Attorney General appeals to Supreme Court to annul Rousseff's impeachment  • Roundup: Asylum system in Europe needs to be reassessed: experts  • Roundup: Experts call for Urgent action to adapt to climate change  • OAS to consult with human rights court regarding Brazilian president's impeachment  • Nigerian navy repels pirate attacks on merchant vessels  • Experts call for investors to accelerate Africa agric transformation  
You are here: 　 Home

U.S. dollar climbs against yen as risk appetite rises

Xinhua, May 11, 2016 Adjust font size:

The U.S. dollar increased against the Japanese yen for a second day on Tuesday as risk appetite improved on global market rally, lowering investors' demand for safe-haven currencies like yen.

Oil prices rebounded, with the New York oil prices moving up 1.22 U.S. dollars to settle at 44.66 dollars a barrel. Global equity market also ended higher, with stocks soaring across the U.S. and Asian markets.

The Japanese currency was under further pressure as Japan's finance minister warned again on Tuesday that the government could intervene in the market if the yen continued to strengthen.

The dollar index, which measures the greenback against six major peers, was up 0.16 percent at 94.280 in late trading.

In late New York trading, the euro fell to 1.1367 dollars from 1.1388 dollars of the previous session, and the British pound rose to 1.4429 dollars from 1.4407 dollars. The Australian dollar went up to 0.7353 dollars from 0.7317 dollars.

The dollar bought 109.33 Japanese yen, higher than 108.45 yen of the previous session. The dollar increased to 0.9760 Swiss francs from 0.9709 Swiss francs, and it inched down to 1.2931 Canadian dollars from 1.2976 Canadian dollars. Endit