Despite 3-year highs

By: Miguel A. Rodriguez

14:13, 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%

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