Business World

Saturday 20 October 2018

Dollar falls to 5-month low vs yen as European stock futures down

A trader works on the floor of the New York Stock Exchange in New York. Photo: Reuters
A trader works on the floor of the New York Stock Exchange in New York. Photo: Reuters

The dollar fell more than 0.5pc on the day to five-month low below 108.05 yen today, as European stock futures wobbled and Japanese stock erased earlier gains to check risk appetite that bounced on Wall Street gains.

The dollar slipped to as low as 108.015 yen, with next support seen as its 2017 low of 107.32.

Japan's Nikkei ended down 0.7pc, erasing its earlier gains of 1.4pc.

Reuters

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