The yen soared against the dollar after a round of modest monetary policy easing from the Bank of Japan disappointed investors. » Read More
Australia faces political uncertainties such as a credit rating downgrade and possible policy paralysis, explains TD Securities's Annette Beacher.
The Aussie dollar is holding steady because it is seen as a proxy for EMs, commodities and global growth, explains Nordea Markets' Jesper Bargmann.
Ecognosis Advisory's Andrew Freris says the Aussie dollar has been resilient amid uncertainty and its overnight deposits still offer positive yields.
*MSCI ex- Japan stock index up 0.5 pct, Nikkei 0.3 pct. *U.S. markets closed Monday for Independence Day holiday. TOKYO, July 4- Asian shares shrugged off early losses and edged higher on Monday, while the Australian dollar was under pressure after no clear winner emerged from a weekend election.
The uncertain outcome of Saturday's federal election heightened fears Australia could be consigned to three years of minority government and policy paralysis.
The U.S. dollar tumbled against the safe-haven yen Friday amid uncertainty over the fallout from Britain's vote to exit the EU.
The British pound traded more than 1 percent lower after Mark Carney, the head of the Bank of England, made remarks about the U.K. economy following the Brexit vote.
LONDON, June 30- China's yuan hit its weakest level in six months against the dollar in offshore markets on Thursday, hurt by signs from policy sources that Beijing may be willing to see it fall to 6.80 per dollar. That knocked offshore rates for the yuan to as high as 6.70 as London traders came on line, and pushed the Australian dollar almost 1 percent lower on the day.
*Chinese sources tell Reuters PBOC would accept 6.80/ dollar. LONDON, June 30- China's yuan sank to a six-month low against the dollar in offshore trade on Thursday and the Australian dollar fell almost one percent after Reuters reported the People's Bank of China is willing to let the Chinese currency weaken to 6.80 per dollar. "The Aussie and the yuan have just...
The euro and sterling spiked higher, as markets regained some appetite for risk.
The U.S. dollar fell against the British pound and the euro as the market took a breather and potential profit-taking.
Sterling fell to a 31-year low against the dollar as a sell-off stemming from Britain's decision to quit the EU gathered pace.
The pound plunged to a more-than-30-year low against the dollar on Friday as it became clear the leave vote would carry the day.
Sterling hit a 2016 high and the euro surged against the dollar and yen after a series of late opinion polls favored Britain staying.
If the U.K. voted to exit the EU, currency traders would likely dump the pound and send funds into the dollar, FX pros said.
The dollar was broadly weaker on Wednesday as risk appetite returned to markets.
Sterling and the euro rose on the last day before Britain's referendum on EU membership, the pound trading just off its highest this year.
The dollar tumbled on as sterling surged more than 2 percent and the euro jumped after opinion polls swung in favor of remain.
Sterling rose as traders evaluated whether the killing of MP Jo Cox may alter the balance of opinion on Brexit.
Sterling rallied from a two-month low against the euro, extending gains after British police said British lawmaker Jo Cox died.