Yen And Yuan Dip To Dollar, – 7 January, 2019

Ongoing trade talks with China, the U.S. government shutdown, and Japanese stocks meant that all three countries currencies were affected this week, along with the euro and pound. Against the dollar, the yen dipped 0.2 percent to 108.96 per dollar, with stocks outperforming in Japan with the aid of the weaker yen. The offshore yuan was down 0.2 percent to 6.8622 per dollar, but the dollar spot index rose 0.2 percent. The euro and pound both took a stumble, with the euro falling 0.3 percent to $1.1441, and sterling slightly lower by 0.1 percent to $1.2761. In commodities, gold fell 0.5 percent to $1,282.76 per ounce, and West Texas intermediate crude gained 0.3 percent to $48.65 per barrel.