Most Asian currencies edged up against the dollar on Monday, shrugging off threats from a ransomware attack that locked up more than 200,000 computers in more than 150 countries, and a missile test by North Korea.
The Canadian dollar hit its highest level in over two weeks and the Australian dollar hit a 12-day high on Monday as a bounce in oil prices drove a recovery in major commodity-linked currencies.
The naira has appreciated to 386 against the United States dollar as the Central Bank of Nigeria continues to supply dollars into the foreign exchange market.
Following the selloff in European stocks after Macron’s win on Monday, European markets rallied during Friday’s session as the Euro Stoxx 50, a stock index comprising of the fifty largest public companies in Europe, rose by more than half a percent to now stand at 3,268.55.
The dollar moved on a firmer note around ¥113.60 in Tokyo trading late Monday, thanks to news reports about an agreement between Saudi Arabia and Russia to extend crude oil production cuts.
Next trading day's important events
- USDJPY: 113.56
- EURUSD: 1.0984
- S&P 500: 2401.03
- NASDAQ: 6140.24