Swiss franc, yen weaken on return to risk

The yen and the Swiss franc were both weaker on Wednesday as investors returned to carry trades, gaining confidence on a rally in global equities markets.

Just after noon in New York, the yen traded at ¥110.3250 to the dollar, at ¥162.9886 to the euro, at ¥228.5216 to the pound and at ¥97.3839 to the Australian dollar.

Meanwhile, the Swiss franc was trading at SFr1.1175 to the US dollar, at SFr1.6509 to the euro and at SFr2.3147 to the pound.

The US dollar had its biggest one-day gain in relation to the euro in two weeks after a measure of German consumer confidence dropped to its lowest level in almost two years in November, making it less sure that the European Central Bank will hike interest rates again soon.

At just after noon in New York the greenback was trading at $1.4773 to the euro after trading at $1.4748 to the euro earlier in the session.

At the same time the US currency was at $2.0713 to the pound.

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