Sterling strengthens on week

The Japanese yen weakened considerably this week. The yen was 1.1 percent lower in relation to the euro over the week, to ¥156.72, while it dropped 1.2 percent to ¥117.84 versus the US dollar and by 2 percent to ¥231.20 against sterling. The Japanese currency lost even more, in terms of percentages, to the Australian and New Zealand dollars, dropping 2.2 percent to the Aussie, to ¥94.90 and falling 3.8 percent in relation to the New Zealand currency, to ¥83.86.

The US dollar was mixed during the week, recovering to an extent after a steep decline after the Federal Reserve decided to keep interest rates steady. The greenback added 0.9 percent to SFr1.2180 versus the Swiss franc and it ended the week even against the euro at $1.3310. However, the dollar lost 1.1 percent to sterling, ending the week at $1.9615.

Besides gaining on the US dollar, sterling also added 1.1 percent to £0.6778 over the week in relation to the euro.

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