2023-12-26 03:39:00
Meanwhile, the yen held near its recent five-month high on prospects that the Bank of Japan will soon end its ultra-loose monetary policy. During most of 2022 and 2023, this policy kept the Japanese currency under pressure at a time when other major central banks raised interest rates.
Currency movements were largely weak the day following Christmas, with markets in Australia, New Zealand and Hong Kong still closed for the holiday.
Against the dollar, the euro fell 0.06 percent to $1.1019, but it was not far from the highest level in more than four months at $1.1040 recorded last week.
There was no significant change in the British pound and was trading at $1.2701, while the Australian and New Zealand dollars settled near their highest levels in five months.
The dollar index fell near the lowest level in five months that it recorded last week, when it reached 101.42 points, and reached 101.65 points.
In Asia, the yen rose 0.1 percent to 142.20 per dollar, drawing additional support from the comments of Bank of Japan Governor Kazuo Ueda, who indicated the possibility of a shift in policy provided that the probability of achieving the 2 percent inflation target improves sustainably enough.
The New Zealand dollar rose 0.1 percent to reach $0.63145, while the last price of the Australian dollar reached $0.68065.
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