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Yen Retreats as Risk Aversion Caused by North Korea Subsides

The Japanese yen retreated versus its major peers after yesterday’s rally caused by a North Korean missile test.

Japanese Yen Gains After North Korea Performs Another Missile Test

The Japanese yen rallied against its major peers today after North Korea performed yet another missile launch test. It looks like markets have calmed by now as the currency trimmed its gains.

South Korean Won Falls vs. US Dollar After North Korean Missile Test

North Korea performed yet another missile test, but markets were not disturbed by the event much. Nevertheless, the South Korean won fell a bit against the US dollar.

Rally of Crude Oil Helps Aussie Mitigate Negative Fundemantals

Fundamentals were largely adverse to the Australian dollar, but that did not prevent the Aussie from rallying today. Analysts explained such behavior by the rise of crude oil prices that bolstered currencies linked to commodities, the Aussie being one of such currencies.

Yen Strengthens After North Korean Missile Launch

The Japanese yen was almost flat versus the US dollar and gained on its other most-traded rivals after North Korean missile launch increased geopolitical tensions.

Continued Safe Haven Demand Helps Greenback

Forex traders are still looking for a safe haven today, and the US dollar is providing that feeling of confidence. With upheaval in the stock markets and uncertainty over North Korea and the Middle East, it’s no surprise that the dollar is gaining ground today.

PMI Reading Helps Euro Hold Its Own

Euro is holding its today in currency trading on the FX market, in spite of global jitters related to the latest news out of China and North Korea. Better economic data is helping the 19-nation currency as some expect to see growth in 2016.

Yuan at Lowest Level in Five Years

The Chinese yuan depreciated today, falling to the lowest level in five years, as the People’s Bank of China lowered its reference rate, prompting speculations among market participants that China is going to renew currency wars.

Won Gains amid Easing Tensions Between North & South Koreas

The South Korean won gained today as South Korea, Japan and China planned to coordinate efforts for resolving the political tension between North and South Korea’s.

South Korean Won Rises Despite Escalating Political Tension

The South Korean won rose against the US dollar today despite the threat of war between South and North Koreas. The currency remains under pressure as investors are selling South Korean stocks.

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