Dollar And Yen Strengthen Amidst Market Uncertainty – 3 September, 2018

President Trump’s “America First” policies have caused markets to remain in a constant state of heightened anxiety which in turn has attracted investors to the safe haven yen and dollar. Both currencies strengthened this week with the dollar index inching up 0.1 percent, against a basket of six currencies, at 95.236. The yen rose 0.05 percent to 111.05 yen, reaching over the euro which dropped 0.15 percent to $1.1600. The euro was affected by data released that showed euro-area manufacturing growth hit its lowest levels in two years and continues to be affected by lingering trade war tensions. The yen also strengthened 0.3 percent against the Australian dollar to 79.89 yen.