US Dollar Stays Unsteady as Political Risks Increase
The US dollar fell again against the Japanese yen after a new report on the investigation into alleged Russian interference in the US election sparked fresh turmoil. Analysts suggest that the US currency may fall even further after data on wages in the US, which will be published today. The Japanese yen is trading at $110.
Stock indices of the Asia-Pacific region are traded in different directions, as investors are cautious before the release of the monthly report on employment in the US. Shares of Shanghai rose by 0.18%, while Hong Kong remained virtually unchanged. Sydney shares stabilized, and the local dollar weakened after the central bank cut its growth forecast.