Market News
Dollar rises against yen and Aussie as focus turns to upcoming US data - REUTERS
Summary
- Market focus shifts to upcoming US data
- Economists remain uncertain about US economic outlook
- Trump comments on tariff deal with Switzerland lift Swiss franc
- Australian dollar slips as risk appetite fades
Nov 11 (Reuters) - The U.S. dollar rose against the safe-haven yen and versus the growth-sensitive Australian dollar on Tuesday as investors grew more cautious on risk and shifted their focus to data expected once the U.S. government shutdown ends.
In early Asian trade, the yen touched its weakest level since February, while the risk-sensitive Australian currency held firm against the greenback.
In recent days, risk-sensitive currencies such as the Australian dollar and British pound have gained, while safe-haven currencies like the yen have softened as hopes for a quick end to the U.S. government shutdown boosted appetite for risk.
