Forex News 18 August 2010
Commodity prices increased overnight for the first time in three days, lending favour to higher-risk currencies.
The euro finished the session up (albeit less than a percent apiece) against the safety currencies – the yen and the US dollar.
Though the pound exchange rate slipped overnight, the Australian dollar finished strongly on the commodities gain and upbeat local wage data.
The Australian dollar finished the overnight international session up 1% to 77.42 yen and gained 0.8% to 90.53 US cents.