11-07-2016, 12:50 AM
http://www.reuters.com/article/uk-global...SKBN13112T
The dollar jumped early on Monday after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Democrat Hillary Clinton's use of a private email server.
Markets have tended to see U.S. presidential contender Clinton as the status quo candidate, and news favouring her bid often boosts risk appetite.
The dollar was up 1.1 percent at 104.275 yen after surging to 104.530 in early trade. It had declined to 102.550 last week as polls showed a tightening U.S. presidential race.
The euro was down 0.5 percent to $1.1089, knocked off a four-week peak of $1.1143 reached on Friday.
The U.S. currency also won back ground against the Swiss franc, which has served as a safe-haven along with the yen. The dollar was up 0.6 percent at $0.9739 francs after going as high as $0.9789.
"The dollar is being bought back on lessened prospects of a Trump presidency. But so far it is not active buying, as Clinton is likely to maintain a policy that prevents a strong dollar if she is elected, and as economic prospects remain unclear," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo.
The dollar jumped early on Monday after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Democrat Hillary Clinton's use of a private email server.
Markets have tended to see U.S. presidential contender Clinton as the status quo candidate, and news favouring her bid often boosts risk appetite.
The dollar was up 1.1 percent at 104.275 yen after surging to 104.530 in early trade. It had declined to 102.550 last week as polls showed a tightening U.S. presidential race.
The euro was down 0.5 percent to $1.1089, knocked off a four-week peak of $1.1143 reached on Friday.
The U.S. currency also won back ground against the Swiss franc, which has served as a safe-haven along with the yen. The dollar was up 0.6 percent at $0.9739 francs after going as high as $0.9789.
"The dollar is being bought back on lessened prospects of a Trump presidency. But so far it is not active buying, as Clinton is likely to maintain a policy that prevents a strong dollar if she is elected, and as economic prospects remain unclear," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo.