KONTAN.CO.ID - TOKYO. Safe-harbour currencies like the Japanese yen and U.S. dollar held near multi-month highs against the riskier Australian dollar and British pound on Tuesday, as fears grow that a rampant coronavirus variant could upend the global economic recovery. The yen surged to 80.05 per Aussie dollar on Monday for the first time since early February, before trading at 80.40 early Tuesday. It also rallied to an almost three month top of 149.35 to the pound overnight, and last changed hands at 149.73. The dollar strengthened to an almost eight-month high of $0.73225 per Aussie to start the trading week, and hit the highest since early February at $1.3655 to sterling. It last stood at $0.73390 per Aussie and $1.36685 versus the pound.
Yen, dollar ascendant as Delta variant spurs flight to safety
KONTAN.CO.ID - TOKYO. Safe-harbour currencies like the Japanese yen and U.S. dollar held near multi-month highs against the riskier Australian dollar and British pound on Tuesday, as fears grow that a rampant coronavirus variant could upend the global economic recovery. The yen surged to 80.05 per Aussie dollar on Monday for the first time since early February, before trading at 80.40 early Tuesday. It also rallied to an almost three month top of 149.35 to the pound overnight, and last changed hands at 149.73. The dollar strengthened to an almost eight-month high of $0.73225 per Aussie to start the trading week, and hit the highest since early February at $1.3655 to sterling. It last stood at $0.73390 per Aussie and $1.36685 versus the pound.