Wild Start to Currency Trading Gives Taste of Markets in Crisis

(Bloomberg) — The Japanese yen jumped to the strongest level since 2016 in the start of another roller coaster week, but this time with an oil-price war to add to the distress.Canada’s dollar and Norway’s krone dropped at the open in Sydney after Saudi Arabia slashed official crude selling prices, firing the first shots in a dispute with the world’s biggest oil exporters. The euro climbed to the highest against the dollar since July, which may give the European Central Bank food for thought when it decides on interest rates on Thursday.The prospect of competing price-cuts by the biggest crude …read more

Source:: Yahoo Finance

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