Dollar safe-haven bid ebbs early in Asia after UBS/Credit Suisse deal

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 19 (Reuters) - The dollar and the yen fell in very early Asia trading on Sunday, after Switzerland's UBS reached a deal buy struggling rival Credit Suisse after an intense weekend of negotiations.


The euro , the pound and the Australian dollar all rose by around 0.4% against the greenback, indicating a degree of risk appetite, while the dollar and the yen, which investors tend to favour at times of uncertainty, fell, data from trading platform EBS and Reuters Dealing showed. The dollar rose 0.5% to 132.48 against the Japanese yen , according to EBS data. The yen fell 0.9% against the euro to 141.85 yen, according to EBS. At 1900 GMT, trading was illiquid, as major Asia-Pacific markets were not due to open for several hours.
(Reporting by Amanda Cooper; Editing by Dhara Ranasinghe.)

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