On Tuesday, the evergreen buck rose, as the final days of the contentious American presidential campaign overshadowed other key market events, as market participants weighed the latest worries regarding an FBI official investigation into Hillary Clinton’s use of a private email server.
Both the BOJ and the RBA held policy quite steady as expected. Meanwhile, the former had little impact on the Japanese yen and later sent the Aussie to its highest value since last Thursday.
The Australian dollar was buying $0.7647, up 0.5%, having soared as high as $0.7652 after the country’s major financial institution kept its cash rate steady enough at 1.5%, as the money market priced in only a minor likelihood of a move at the next gathering in December.
As for the greenback, it bought 104.85 yen, a bit up, though still shy of Friday’s three-month peak of 105.54. The major American currency managed to surge more than 3% for the month of October, even having sagged on the news of the Clinton email developments.
