The safe-haven Japanese yen rose as investors worried that US President Donald Trump's tariff policies would stoke inflation and stifle global economic growth.
The yen rose 0.65% to 148.86 per dollar. The gains were bolstered by a 0.82% gain on Friday, when U.S. economic data showed core inflation last month beat expectations, raising concerns about stagflation. Markets are nervous ahead of a new round of tariffs the White House is expected to announce on Wednesday, with President Donald Trump saying on Sunday that “virtually every country” would be hit with tariffs this week.
The US dollar came under pressure as investors rushed into US Treasuries and gold – pushing the 10-year yield down 6 basis points to 4.1960% and sending gold prices soaring to a record $3,097.36 an ounce.
“The latest US economic data showed clear signs of stagflation, putting stocks and riskier currencies such as the Australian and New Zealand dollars under pressure as investors shunned risky assets,” said Ray Attrill, head of foreign exchange research at National Australia Bank.
The Australian dollar fell 0.03% to $0.6285. Similarly, the New Zealand dollar fell 0.17% to $0.5707.
The euro rose 0.1% to $1.0839. The pound edged up 0.17% to $1.2962, supported by reports that British Prime Minister Keir Starmer and U.S. President Donald Trump had “productive talks” on Sunday toward a trade deal.
Source: https://thoibaonganhang.vn/sang-313-ty-gia-trung-tam-giam-6-dong-162051.html
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