The Asian yen is the first, out of a bundle of currencies who have suffered against the dollar recently, to gain a little on the greenback.
The dollar has been persistently high and the yen has been losing out. However, from the yen trading at Y109.54 on 29 September, the weakest it had been for six years, the minor swing back saw the yen crawl up as the dollar fell in response to factors affecting the U.S. These included the low readings for U.S manufacturing, down to 56.6 from 59.0 yesterday.
As markets closed in New York, the Dow Jones Industrial Average was down -238.19 to close at $16,804.71, having slightly recovered from the day’s low of $15,044.71. However, the DJIA was also down -238.19 and the Nasdaq -71.31.
The ebola health scare is attracting some of the blame for the plunge in stock prices as traders run from the U.S currency and find solace in gold, bonds and the safe yen, even though Asian markets were also affected by the troubles still brewing in Hong Kong following their two-day holiday and larger crowds of protesters in the streets.
Nikkei 225 down -301.01 (-1.87%) at 15,781
Topix down -29.92 (-2.27%) at 1,288
Hang Seng down -296.23 (-1.28%) at 22,933
S&P 500 down -26.13 (-1.32%) at 1,946
DJIA down -238.19 (-1.40%) at 16,805
Nasdaq down -71.31 (-1.59%) at 4,422
Eurofirst 300 down -12.45 (-0.90%) at 1,368
FTSE100 down -65.20 (-0.98%) at 6,558
CAC 40 down -50.97 (-1.15%) at 4,365
Dax down -92.27 (-0.97%) at 9,382
€/$ 1.27 (1.26)
$/¥ 108.57 (108.87)
£/$ 1.62 (1.62)
€/£ 0.7797 (0.7798)
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