The worst performance of gold in 6 years… Indicators Thursday, December...

The worst performance of gold in 6 years… Indicators Thursday, December...
The worst performance of gold in 6 years… Indicators Thursday, December...

The decline of the dollar and the yen in limited trading

The dollar and the yen hit the bottom of their ranges recently, in limited trading on Thursday, as they fell overnight as investors preferred riskier currencies beside stocks.

The euro hit $1.1352 in early Asian trading, after rising 0.35% and touching a one-month high during the previous session. The British pound hit 1.35, its highest level since November 19, after rising 0.44% overnight.

This made the dollar index, which measures the performance of the US currency against major currencies, at 95.862, to fall near its lowest level in a month. Currency moves came in line with it in the broader market. With risk appetite, the S&P 500 and Dow Jones Industrial Average closed at all-time highs on Wednesday, and the Dow rose for the sixth straight session.

The yen, a safe haven, hit 114.95 against the dollar after touching a one-month low of 115.03 on Wednesday. And the Australian dollar recorded 0.7254 dollars, after holding on to the gains it made recently.





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