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Despite 3-year highs

Miguel A. Rodriguez
Miguel A. Rodriguez
13 October 2021
Yen nurses losses near 3-year lows; euro struggles
  • Despite a rally in crude $OIL prices to three-year highs, there is scant evidence that demand in the top importing region of Asia is recovering
  • The Japanese yen held near three-year lows versus the U.S. dollar as a surge in U.S. Treasury yields and rising commodity prices, particularly oil, prompted investors to dump the currency
  • #Binance, the largest cryptocurrency exchange, has launched a $1 billion growth fund in support of the Binance Smart Chain blockchain, with the goal of helping to accelerate adoption
  • #BTC/USD dove 3.1%
  • #XAUUSD gained 0.3%

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.