Pound at 5-1/2-month low as Johnson leads, Aussie vulnerable [CNBC]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: CNBC
Pound at 5-1/2-month low as Johnson leads, Aussie vulnerable The British pound on Tuesday languished near this year's low on rising worries Boris Johnson, the front-runner to replace UK Theresa May, Australian dollar China Australia's The yen and the euro were steadier, with investors holding out for trading clues from policy-setting meetings by the U.S. Federal Reserve Bank of Japan European Central Bank "While major currencies were little moved now, when you look at market moves over the past week or so, many commodity currencies and emerging market currencies are weak, reflecting broad risk-off sentiment," said Masashi Hashimoto, senior analyst at MUFG Bank. The U.S-China trade frictions and rising geopolitical tensions in the Strait of Hormuz after recent attacks on tankers are all undermining risk sentiment, he said. Worries about Brexit hit the Sterling Former foreign minister Boris Johnson got a boost on Monday in his campaign to succeed May as one of his former rivals and EU s
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