The euro traded higher against the dollar on Wednesday, after five straight losing sessions, benefiting from signs Germany was willing to see a resolution of Greece's debt crisis. The yen, on the other hand, fell sharply against the dollar and euro after Japanese Prime Minister Yoshihiko Noda said he was ready to dissolve the lower house of parliament later this week and hold a snap election next month.
The yen, meanwhile, was the biggest mover of the day, notching losses of more than 1 percent against the dollar and euro as hedge funds and long-term investors sold the Japanese currency. Against the yen, the dollar rose 1.2 percent to 80.28 yen and the euro climbed 1.5 percent to 102.29 yen. The euro also rose 0.3 percent against the dollar to 1.2741. The pound was last little changed at $1.5876.
Comments
Comments are closed.