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30/12/2013 08:20 AST
The yen dropped to five-year lows against the dollar on Monday, extending losses to more than 17 percent for the year on a mix of improving sentiment on the global economy, rising investor risk appetite and expectations of more central bank stimulus.
Unlike the past few years when financial markets lurched from debt crisis in Europe to U.S. political deadlock, investors are generally upbeat on the global economic outlook next year.
The euro and its European peers held near two-year highs against the dollar, supported by comments from the European Central Bank chief that there is no urgent need to cut rates.
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Reuters
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
US Dollar | 1.00 |
Saudi Riyal | 3.75 |
Derham Emirati | 3.67 |
Qatari Riyal | 3.65 |
Kuwaiti Dinar | 0.30 |
Bahraini Dinar | 0.38 |
Omani Riyal | 0.39 |
Euro | 0.81 |
British Pound | 0.71 |
Japanese Yen | 104.70 |
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