FOREX-Yen rises on trade war fears, Turkish lira touches record low

as declared in The ¥ rose amid talk of position unwinding with Japanese retail investors, that had held long positions in higher-yielding currencies like the Turkish lira against the Japanese currency. The $ fell to as low as 104.635 ¥ in early Asian trade on Friday, the greenback's lowest standard ever November 2016. The Turkish lira slid with further than three % against the ¥ early on Friday. Against the unite states dollar, the lira fell to a record low of 4.0375 per $ at 1 point. After paring some of its losses, the Turkish lira final stood at 3.965 per dollar, continue drop around 0.8 % on the day.

FOREX-Dollar struggles at 1-month lows on trade war fears

Renewed optimism about development prospects has brightened the outlook for higher yielding assets however hight tensions in universal trade & the backdrop of some disappointing information this 7 days has made some Businessmen wary. The broad height in the ¥ came as financial markets were rattled with worries over hight U.S.-China trade tensions. The $ fell to as low as 104.635 ¥ on Friday, the greenback's lowest standard ever November 2016. The Swiss franc was too the other notable winner in currency markets this 7 days with a 0.6 % rise. In other currencies, sterling edged higher in the backdrop of an European summit with the English currency changing hands at $1.4121.

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