Aussie retraces early revenues in Asia
On Monday, the Australian dollar gave up some early revenues during Asia trade with markets shrugging off a shrill American presidential debate between Donald Trump as well as Hillary Clinton and traded quite steady as China got back to the markets after a week-long holiday.
Fed Vice Chairman Stanley Fischer, Bank of Japan Governor Haruhiko Kuroda as well as People's Bank of China Governor Zhou Xiaochuan made comments at the weekend as for the policy outlook in Washington at an IMF gathering.
The currency pair AUD/USD was worth 0.7593, rising 0.09%, while USD/JPY traded at 102/94, ascending 0.03%. Meanwhile, GBP/USD fell 0.27%, reaching 1.2403, thus reacting to dramatic moves the previous week, including a steep dip in the Asian time zone on Friday. Financial markets in Taiwan, Japan as well as Hong Kong were shut regionally on Monday. As for Canadian markets, they’re unavailable too.
The Chinese Yuan was steeply lower against the greenback on Monday, trading at 6.7015 after the People's Bank of China dared to weaken the fixing to the lowest value since September 2010.