Thu, 04 Jun 2020

Dollar bulls nowhere to be seen in Asia on Monday

By Jay Jackson, South Africa News.Net
18 Feb 2019, 15:51 GMT+10

SYDNEY, Australia - The U.S. dollar fell sharply against all the major currencies in Asia on Monday.

The euro regained the crucial 1.1300 handle, to trade around 1.1312 at the Sydney close on Monday.

The British pound advanced to 1.2908, while the Japanese yen edged up to 110.52.

The Swiss franc was firmer at 1.0038. The Canadian dollar rose to 1.3233.

The Australian and New Zealand dollars made good gains and were trading solidly at 0.7150 and 0.6880 respectively, around the close in Sydney on Monday.

Stocks were sharply higher in Japan and Hong Kong Monday, while they fell in China.

The Australian market advanced.

At the close of trading Monday Australia's All Ordinaries was ahead 22.10 points or 0.36% at 6,170.70.

Japan's Nikkei 225, closed up 381.2 points or 1.82% at 21,281.85.

In Hong Kong the Hang Seng, in afternoon trading Monday, was up 451.05 points or 1.62% at 28,351.89.

China's Shanghai Composite however was down 38.69 points or 1.42% in afternoon trading, last quoted at 2,682.39.

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