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30 Dec 2014
USD weaker, Yen best performing currency today – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team note that today’s FX market trade saw the USD broadly weaker, with Yen and NZD outperforming against the Dollar.
Key Quotes
“The dollar is broadly weaker. The euro moved back above the $1.2150 level and the pound is around $1.5530.”
“The dollar came off the ¥120.0 level against the yen to trade close to ¥119.50 now, making the yen the best performing currency of the day. The New Zealand dollar is also outperforming, rising to $0.7820, a two-week high.”
“In the EM space, the ruble remains highly volatile but continues to stabilize on unconfirmed rumours of government intervention. This comes despite oil making a new 5-year low with WTI down to $53 and brent to $57 per barrel. Also of note, the Chinese yuan is up 0.3%, outperforming most other EM currencies on the day, trading back near the CNY 6.2 level.”
Key Quotes
“The dollar is broadly weaker. The euro moved back above the $1.2150 level and the pound is around $1.5530.”
“The dollar came off the ¥120.0 level against the yen to trade close to ¥119.50 now, making the yen the best performing currency of the day. The New Zealand dollar is also outperforming, rising to $0.7820, a two-week high.”
“In the EM space, the ruble remains highly volatile but continues to stabilize on unconfirmed rumours of government intervention. This comes despite oil making a new 5-year low with WTI down to $53 and brent to $57 per barrel. Also of note, the Chinese yuan is up 0.3%, outperforming most other EM currencies on the day, trading back near the CNY 6.2 level.”