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FXpert

Dollar rises vs yen, Swiss franc as risk appetite grows

The dollar advanced against the safe-haven yen and Swiss Franc on Wednesday, as risk appetite increased with global stocks and U.S. yields were mostly higher ahead of an annual Federal Reserve gathering later this week in Jackson Hole, Wyoming and a summit of major central banks this weekend.

Dollar weakens as U.S. yields resume slide

The dollar declined on Tuesday, in line with the drop in Treasury yields, as investors braced for a potentially dovish Federal Reserve at a Jackson Hole, Wyoming, gathering later this week, with many expecting an announcement of some measure that would ease U.S. recession concerns.

Markets

FTSE 100 » 7,128.18 -1.05%
Euro Stox » 1,471.62 -0.48%
S&P » 2,922.95 -0.05%
Nikkei 225 » 20,628.01 +0.05%
GB 10YR
+0.519
+0.001
DE 10YR
-0.641
+0.000
JP 10YR
-0.240
+0.003
GBP / USD » 1.2250 +1.02%
EUR / GBP » 0.9041 -1.06%
GBP / JPY » 130.3600 +0.83%

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