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Dollar, Yen Little Changed; U.S.-EU Trade Tensions, Brexit in Focus
Wednesday, 10 April 2019 13:26 WIB | CURRENCIES | EuroDolar ASAussieDolar

The U.S. dollar and the Japanese yen were little changed on Wednesday in Asia as traders remained cautious amid the Brexit uncertainty and trade tensions between the EU and the U.S.

The Japanese yen received some support earlier in the day, fuelled by escalating U.S.-EU trade tensions and the International Monetary Fund's bearish update on global growth.

The safe-haven currency gave back some of its gain and was last traded at 111.14 against the dollar, down 0.03%.

Reports on Monday said the U.S. and EU could be set to impose tit-for-tat tariffs on each others' products. The U.S. said it could be slapping tariffs on $11 billion worth of EU goods. In response, the EU said it stands ready to launch countermeasures.

The EUR/USD pair was unchanged at 1.1260, while the GBP/USD pair edged up 0.1% to 1.3069.

The AUD/USD pair and the NZD/USD pair were up 0.2% and 0.1% respectively.

Source : Investing.com

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