Market News
Safe-haven Swiss franc, dollar firm after wave of risk aversion - REUTERS
Summary
- Asian equities drop sharply following tech-led Wall Street sell-off
- Sterling pinned near 7-month low as UK's Reeves hints at tax hikes
- NZ dollar dips to 12-year low vs Aussie after jobless rate jumps
TOKYO, Nov 5 (Reuters) - The risk aversion that blew through foreign-exchange markets in Asia on Wednesday all but dissipated by the European morning, with the safe-haven yen erasing gains and Antipodean currencies up.
The Swiss franc remained higher, and the U.S. dollar held firm throughout the session after touching the highest since April 1 at the very end of Tuesday trading.
The risk-sensitive Australian dollar recovered from a 0.5% slide to a multi-week low and was last marginally higher on the greenback.
