The Traderszone Network

Published in TZ Latest News 23 August, 2015 by The TZ Newswire Staff

Yen rallies as risk aversion intensifies, Aussie sinks

The yen climbed to a six-week peak against the dollar early on Monday and raced to a two-year high on its Australian peer as investors sought the safety of the Japanese currency on heightened risk aversion. Worries about a slowing Chinese economy, and in turn global growth, flared up last Friday after a survey showed a further deterioration in China’s manufacturing activity.