Economic news

Euro, yen rise as U.S. government shutdown continues

The euro and the Japanese yen advanced in weak market on Monday as worries over a partial U.S. government shutdown hurt investor sentiment and the greenback, although Chinese intention to cut tariffs on a range of products improved the mood in part.

Photo: Reuters

The euro climbed 0.2 percent and last stayed at $1.1398.

The safe-haven yen added 0.3 percent versus the dollar to 110.81, extending its gains in the last six sessions to 2.5 percent.

The dollar index .DXY lost 0.2 percent to 96.72.

The Aussie jumped half a percent to $0.7067. The Australian currency is very sensitive to Chinese economic state given China is the country’s biggest trade partner. China’s yuan surged 0.3 percent to 6.9055 in offshore trading.

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