Investing.com - The dollar fell below the 110 level against the yen on Tuesday, hitting a one-and-a-half month low as investor jitters over looming geopolitical risk events underpinned safe haven demand.
The dollar sank to its weakest since mid-April against the yen on Tuesday, as economic data drove U.S. government bond yields to lows not seen since Donald Trump's election last year and investors sought refuge before big events on Thursday.
The Central Bank of Nigeria (CBN) on Monday further liberalised the foreign exchange market by unveiling fresh regulations for a more open market.
During today’s monthly policy meeting, the Reserve Bank of Australia announced its decision to leave its benchmark interest rate unchanged at the record low of 1.5%. This was widely expected by analysts given the central bank’s guidance, as policy makers projected a steady outlook for the remainder of the year.
Beijing’s one-way locks on money flows might have helped the country’s foreign exchange reserves rise to a six-month high.
Next trading day's important events
- USDJPY: 109.46
- EURUSD: 1.1268
- S&P 500: 2431.34
- NASDAQ: 6291.18