Safe-haven yen and dollar shine amid selloff in stocks; NZ dollar slides
The Economic Times·2025-11-05 10:44
The risk-sensitive Sterling wallowed near a seven-month low after British finance minister Rachel Reeves hinted at broad tax rises in her budget later this month. "Risk-off sentiment has been pervasive across markets in the past 24 hours," leading to "a stronger USD against all bar JPY and risk/growth sensitive currencies faring worse amongst the majors," said Ray Attrill, head of FX research for markets at NAB. "This is alongside GBP, which heard the message of upcoming fiscal tightening from UK Chancell ...