SUBSCRIBERS
Yen slips back as concerns over Turkey coup ease
Published Mon, Jul 18, 2016 · 09:50 PM
London
THE yen sank back towards three-week lows against the US dollar on Monday as investors unwound a surge of safe-haven trades done on the back of reports of an attempted military coup in Turkey last Friday.
Turkey widened a crackdown on suspected supporters of the failed coup on Sunday, and the government said that it was in control of the country and economy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
iPhone maker Hon Hai’s April sales rise 19% in positive signal
Worsening weather is igniting a US$25 billion market
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance