Dollar Dips While Yen, Yuan Inch Higher

Dollar-Dips-While-Yen-Yuan-Inch-Higher

Monday brought smiles for the traders of yen and yuan, while the dollar slipped in the early session. It happened as investors are eyeing toward the U.S. Federal Reserve speakers’ slew slated to take place this week and a decision on the inclusion of undertaking bonds of the Chinese government in the global index.

Interestingly, following a public holiday in Japan, volumes were low. Meanwhile, the dollar index slipped to 92.779, a 0.2 per cent loss. Both yuan and yen jumped around 0.3 per cent apiece. Notably, the yen peaked its seven-week high (104.27 per dollar). Meanwhile, yuan remained just short of yet again touching its sixteen months high price.

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