AUDUSD: Asian foreign exchange little changed as dollar falls; T
Most Asian currencies fell slightly on Monday, while the dollar edged away from recent peaks as investors continued to worry about any potential spillovers from the Israel-War. Hamas.
Demand for riskier Asian currencies remained weak, while the dollar saw mild profit-taking after reaching near a 10-month high last week. Concerns about higher interest rates in the US, after inflation rose sharply in September, kept Asian market sentiment largely negative.
The Australian dollar rose 0.4%, recovering from a 10-month low, although sentiment towards the currency remained dampened by weak commodity prices.
Demand for riskier Asian currencies remained weak, while the dollar saw mild profit-taking after reaching near a 10-month high last week. Concerns about higher interest rates in the US, after inflation rose sharply in September, kept Asian market sentiment largely negative.
The Australian dollar rose 0.4%, recovering from a 10-month low, although sentiment towards the currency remained dampened by weak commodity prices.
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