The dollar edged up slightly against the yen on Thursday while risk-sensitive cu...
TOKYO - The dollar edged up slightly against the yen on Thursday while risk-sensitive currencies held firm on hopes of easing trade tensions between the United States and China and a pick up in the global growth.
Against the yen, the dollar was 0.2% higher at 109.53 yen and within a striking distance of a six-month high of 109.73 touched earlier this month. The euro barely moved at $1.10905. Global currency markets remained in holiday mood following Christmas Day on Wednesday and with several centres still closed for Boxing Day on Thursday.
In currency markets, stronger risk appetite usually translates to more selling in safe-haven currencies, such as the yen, against currencies leveraged more to growth, particularly that in China, such as the Australian dollar.
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