Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.
The yen was the biggest winner during the session, raising 1.3% against the euro and 0.8% against the US dollar.
Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.
The yen was the biggest winner during the session, raising 1.3% against the euro and 0.8% against the US dollar.
Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.
The yen was the biggest winner during the session, raising 1.3% against the euro and 0.8% against the US dollar.
Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.
The yen was the biggest winner during the session, raising 1.3% against the euro and 0.8% against the US dollar.