Safe-haven currencies see gains on session

The US dollar added 0.1 percent to $1.34390 in relation to the euro Wednesday, while it gained 0.2 percent on sterling, to $1.9765. Meanwhile, the greenback traded even at ¥121.60 versus the yen and at SFr1.2250 against the Swiss franc. Despite its inability to make headway against the safe-haven Japanese and Swiss currencies, analysts called recent moves by China to cool down its equities markets “dollar positive.”

The yen added 0.1 percent to ¥163.40 in relation to the euro and gained 0.4 percent to ¥240.05 against sterling by midday trade in New York. The gains were attributed to a pull back from risky carry trades. The Swiss franc was also aided by investors looking for a safe haven, adding 0.1 percent to SFr1.6460 versus the euro and gaining 0.2 percent to SFr2.4210 in relation to sterling.

Story link: Safe-haven currencies see gains on session