New Zealand foreign exchange market rose to the low 103 yen level on November 9th at 7:33
In the foreign exchange market in Oceania at the beginning of the week, the dollar has continued to sell as the US presidential election announced that former Vice President Joe Biden would be elected, and the yen exchange rate has risen to the low 103 yen level. I will.
In the New Zealand and Wellington foreign exchange markets at the beginning of the week, the dollar continued to sell, and the yen exchange rate rose to the low 103 yen level per dollar.
This has been bought as a relatively low-risk asset, as investors have receded concerns about political turmoil as it was reported that former Vice President Biden was elected in the U.S. presidential election. This is because the movement to sell the dollar is continuing.
Market officials said, "The market has been expecting the dominance of former Vice President Joe Biden since last week, so the price hasn't moved much. However, from the view that the Democratic and Republican forces will compete in the Bundestag elections. There are also observations that it is not easy to make a large-scale fiscal stimulus, and the situation is such that the dollar is easy to sell. "