The dollar rose broadly on Monday and cryptocurrencies jumped amid growing expectations that Donald Trump will win the upcoming U.S. presidential election following an assassination attempt.
Trading was limited during Asian trading with markets in Japan closed for a public holiday, while news of Trump’s shooting dominated market sentiment.
The dollar is rising
As for other currencies:
- The Australian dollar fell 0.04% to $0.678.
- The New Zealand dollar fell 0.4% to $0.6091.
Bitcoin rose 4.6% to $62,890 (Getty)
The dollar index, which measures the performance of the US currency against a basket of six currencies, was little changed at 104.18 points.
The Chinese yuan was little affected by local economic data and extended its losses, falling to 7.2633 per dollar in the local market.
Yen
The yen pared some of its gains late last week and was last trading at 157.91 per dollar, though it remained close to a nearly one-month high of 157.30 hit on Friday.
Tokyo is believed to have intervened in the market to support the struggling Japanese currency last week in the wake of a weaker-than-expected U.S. inflation report, with Bank of Japan data suggesting authorities may have spent as much as 3.57 trillion yen ($22.4 billion) to support the currency on Thursday.
