Source Pravda.Ru

U.S. dollar mostly up, gold down in European morning trading

The U.S. dollar fell against the yen, but otherwise gained against other major currencies in European trading Monday morning. Gold fell.

The yen's surge driven in part by traders unwinding yen-carry trades borrowing yen at Japan's low interest rates to buy assets with greater yields in other currencies. Profits from that trade have fallen as the yen as appreciated recently.

In European trading, the U.S. dollar bought 115.29 yen, down from 116.75 late Friday.

The euro traded at US$1.3124, down from US$1.3191, reports AP.

Other dollar rates:

_1.2176 Swiss francs, up from 1.2167

_1.1807 Canadian dollars, up from 1.1767

The British pound traded at US$1.9219, down from US$1.9433.

Gold traded in London at US$638.60, down from US$646.00 late Friday.

In Zurich, gold closed at US$634.85, down from US$651.65.

Gold fell US$23.60 in Hong Kong to close at US$638.90.

Silver opened in London at US$12.61 per troy ounce, down from US$12.88.

Comments
The horror story called Brazil: Murder and destruction
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Why Trump tries to re-industrialize America
USA plays to pretend a mighty dragon that can no longer breathe fire
US interferes in election of Interpol president, Kremlin believes
US interferes in election of Interpol president, Kremlin believes
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Brexit: The UK's misunderstanding of Democracy
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Argentina hides the truth about the death of San Juan submarine
Japan ratifies agreement to supply weapons and ammo to warring states
Russia to ban capture of killer whales and belugas in 2019
Russia to raise sunken floating dock
Why Trump tries to re-industrialize America
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin dislikes the idea of US army bases coming to Kuril Islands
Argentina hides the truth about the death of San Juan submarine
USA plays to pretend a mighty dragon that can no longer breathe fire
Russians lose faith in their future, get ready for worse
Russians lose faith in their future, get ready for worse