Yen Is Up and Risk Is Off
The yen is higher as investors sell riskier assets, and Mexico is going for the gold. Time for your Cinco de Mayo FX Fix.
The yen moved up sharply as investors sold riskier assets. The Ministry of Finance is watching closely. [Reuters]
The euro weakened after the European Central Bank left interest rates unchanged, and indicated that won't change in June. [CNBC]
Mexico's central bank bought almost 100 tons of gold bullion in February and March, diversifying its reserves away from the dollar. [FT]
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