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Main » 2016 » May » 3 » Today, the yen to a new 18 month high
Today, the yen to a new 18 month high

SINGAPORE (Reuters) - On Tuesday, the yen reached a new 18-month high against the US dollar and strengthened against the Australian dollar after the central bank of Australia cut interest rates to a record low.



USDJPY The US dollar fell to 105.78 yen - its lowest level since October 2014. Last time the US dollar was trading at 105.85 yen.

The yen rose against the Australian dollar after the Reserve Bank of Australia (RBA) cut interest rates by 25 basis points, to 1.75%.

The Australian dollar AUDJPY fell against the yen by 1.8% to 80.08 yen. Against the US dollar, the Australian dollar AUDUSD fell by 1.3% to $ 0.7568.

At the yen showed its biggest weekly increase since 2008 last week - more than 5% against the US dollar after the Bank of Japan refrained from expanding monetary stimulus program.

On Tuesday, the dollar index, which tracks the value of the currency in relation to the rest of the six currencies, fell to 92,300 - the lowest level since January 2015.

The euro rose 0.2% to $ 1.1551. Earlier, the currency reached a high of $ 1.1561 - its highest level since August.


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