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Yen gives up gains as oil prices, Europe markets rise
Published Wed, Feb 17, 2016 · 09:50 PM
London
THE yen gave up gains on Wednesday as oil prices and stock markets in Europe ticked higher, removing some of the appeal of the safe-haven Japanese currency.
Earlier, the yen had strengthened as Asian stock markets fell and oil prices slipped. In addition, China fixed a softer mid-point for the onshore yuan, a factor that weighed on riskier emerging market currencies and growth-linked currencies such as the Australian dollar.
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