Safe Haven Currencies Rise With Oil Decline
London – Safe Haven Currencies Rise With Oil Decline, Search exchange market investors about the safety of the yen at the expense of high-risk currencies such as the Australian and New Zealand dollars on Tuesday convinced that the stability of the yuan for the second day does not mean the end of the downturn that shook global markets.
With attention focused on China and the decline in oil prices to $30 has all of the euro and the Swiss Franc rose about a third of a percent against the dollar while coming in third in the Australian and New Zealand half a percent.
And settled the yuan in overseas market little changed after the rapprochement with controlled strictly local market price after Beijing took Simple Profits steps to raise the interest for one night prices in Hong Kong has changed.
The decline in oil prices stormed currencies ore-producing countries, which prompted the Canadian dollar to its lowest level in 13 years at C $1.4250 to the US dollar while the Norwegian krone had the lowest price in 13 months at 9.6925 to the euro.
The dollar was down about 0.3 percent to 117.47 yen after Hui to 116.70 yen on Monday, the weakest price since 24 August. The euro was up 0.2 percent to $ 1.0876.