Euro, sterling even versus US dollar

The Japanese yen weakened on. The yen was lower against both the US dollar and the euro by the middle of the afternoon in New York, when it was 0.8 percent lower in relation to the greenback to ¥118.80 and down 0.9 percent against the euro, to ¥158.80. The Japanese currency was also lower against both the Australian and New Zealand dollars, losing 0.5 percent to the Aussie to ¥96.66 and dropping 0.8 percent to the New Zealand currency, to ¥85.62. The yen was also 0.8 percent down versus sterling, to ¥234.88.

The Swiss franc also saw declines. It was 0.2 percent lower to SFr1.2180 against the US dollar and down 0.3 percent to SFr1.6283 versus the euro.

Sterling was unchanged against both the US dollar and the euro ahead of the next meeting of the Monetary Policy Committee of the Bank of England, which is due to issue another decision on interest rates on Thursday. By session’s end, the sterling stood at $1.9780 against the dollar and at £0.6760 versus the euro.

The euro also remained unchanged at $1.3370 versus the US dollar. However the Indian rupee added 0.9 percent to Rs43.07 against the greenback after Friday’s rate hike, to 7.75 percent, issued by the Reserve Bank of India.

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