The Japanese yen hit a six-month low on Monday as investors cheered an unexpecte...
SINGAPORE - The Japanese yen hit a six-month low on Monday as investors cheered an unexpected rebound in Chinese manufacturing, while a tightening British election race knocked the pound.
Gains were led by the kiwi, which put on 0.6% against the yen to hit its highest since August NZDJPY=and rose 0.3% on the greenback“S&P futures are up, there’s a risk-on mood,” said Jason Wong, senior market strategist at BNZ in Wellington. “The market is taking it with a degree of salt, waiting for clarity,” said Rodrigo Catril, senior FX strategist at National Australia Bank in Sydney.
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