Market News
Yen bid, dollar choppy as investors look for safety from global selloff - REUTERS
By Gregor Hunter
Summary
- Broad declines for US equity markets, down for fourth day
- Weekly jobs data adds to investor pessimism
- Trump renews attack on Fed Chair Powell
- BOJ Governor Ueda to meet with finance minister as JGB yields set fresh highs
SINGAPORE, Nov 19 (Reuters) - The yen regained its footing and the U.S. dollar veered between gains and losses against most of its biggest peers in volatile trading in Asia on Wednesday that sent investors to safe havens like gold and Treasury bonds after a days-long global selloff in stocks.
The yen advanced 0.1% after hitting a nine-month low against the dollar on Tuesday and was last fetching 155.37 yen to the dollar.
The dollar index , which measures the greenback's strength against a basket of six currencies, fluctuated as U.S. Treasury bonds drew bids, even amid rising uncertainty over the Federal Reserve's next move. The gauge edged 0.1% lower at 99.523.
