Forex News 4 August 2010
Riskier currencies took a dive overnight after a string of weak US economic data renewed fears about the health of the world’s largest economy.
The pound and the euro were slightly weaker against the yen, but stronger against the US dollar.
The Australian dollar lost ground against both safety currencies after the RBA signaled it is comfortable with current monetary policy settings.
The Australian dollar finished the session down almost 1% to 78.29 yen and shed 0.1% to 91.27 US cents.