Safe-Haven Currencies Ease – 18 May, 2022

Safe-haven currencies including the greenback eased on Thursday after gains the previous session as Wall Street stocks tumbled. Against six major currencies, the dollar index was 0.05% lower to 103.74, after a 0.55% jump overnight that ended a three-day losing streak. The yen slipped, with the dollar adding 0.21% to 128.495 yen after a 0.86% tumble on Wednesday. The Swiss franc continued to strengthen, with the dollar losing a further 0.13% to 0.9869 franc, following a 0.6% slide. The euro was up 0.25% to $1.0489 after Wednesday’s 0.84% drop. The Aussie rose 0.14% to $0.6965 after shaking off a smaller-than-forecast increase in jobs for last month. Sterling was trading little changed at $1.2343 after dropping 1.2% overnight.