Dollar and Yen Weaken as Investors Shift to Riskier Currencies

Dollars
Dollars

Hong Kong: The US dollar and the Japanese yen came under pressure today as investors shifted toward higher-risk currencies amid expectations of progress in talks between the United States and Iran.

The euro stabilized at $1.1782, while the British pound stood at $1.35225, both recording a decline of about 0.1 percent.

The Australian dollar fell by 0.1 percent to $0.7171 in early trading, while the New Zealand dollar rose by 0.3 percent to $0.59085.

The dollar index, which measures the performance of the US currency against a basket of major currencies, remained stable at 98.087 after declining by 0.2 percent in the previous session.

The Japanese yen traded at 158.955 per dollar, remaining close to the 160 level, which is closely monitored by markets.

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