New Zealand’s foreign exchange market up to the first half of the 103-yen range against the U.S. dollar November 9 at 7:33 a.m.
In oceania’s foreign exchange market at the beginning of the week, the yen has been selling the dollar since former Vice President Biden was reported to be elected in the U.S. presidential election, and the yen has risen to the first half of the U.S. dollar-103-yen range.
In New Zealand and Wellington foreign exchange markets at the beginning of the week, the yen continued to sell, and the yen rose to the first half of the U.S. dollar to the first half of the 103-yen range.
This is because concerns about political turmoil have receded among investors as former Vice President Biden is reported to have been elected in the U.S. presidential election, and there has been a continuing movement to sell dollars previously bought as relatively low-risk assets.
A market official said, “Since last week, the market has been expecting the dominance of former Vice President Biden, so it has not been a big price movement. However, in view of the opposition of Democratic and Republican forces in the Bundestag elections, there are observations that it is not easy to make large-scale fiscal spending, and the dollar is likely to sell.”