Investors Rethink Trade Risks, Dollar And Yen Dip – 20 September, 2018

The dollar and yen fell on Friday with the dollar hitting a near two month low on investors reduced demand for the safe-haven currencies and the theory that a Sino-U.S. trade war would not be as damaging to global growth as they had thought. The dollar index hit its lowest since July 9 overnight at 93.829 overnight before settling at 93.910 against a basket of major currencies. Against the yen, the dollar advanced to a two-month high of 112.585 overnight before settling at 112.48 yen. The euro hit a three month peak of $1.1785 yesterday, climbing 0.9 percent, and landed at a steady $1.1777.