The yen fell towards a 2019 low on Monday and the Swiss franc reached its weakes...
LONDON - The yen fell towards a 2019 low on Monday and the Swiss franc reached its weakest in nearly a month as a rally in global markets cut into demand for currencies considered safe havens.
The yen fell as low as 112.09 per dollar in Asian trading, near a 2019 low of 112.135, before recovering slightly. The optimism was bolstered by U.S. Treasury Secretary Steven Mnuchin, who said he hoped U.S.-China trade talks were approaching a final lap. “If that helps drag the Bund yield a bit higher, the euro will surely follow it, as it has done for the last year,” he said.
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