JPY Weakens Versus Major Currencies; NZD At Record High

by on July 9, 2014 10:53 am BST

The yen (JPY) weakened against all but two of its 16 major peers before the Federal Reserve releases minutes (FOMC) of its June meeting.

The dollar was little changed amid speculation an uneven recovery will prompt Fed policy makers to hold interest rates near zero. China’s yuan rose to the strongest level in three months as talks got underway with the U.S. and before a report economists said will show June’s trade surplus was the biggest since 2009. New Zealand’s dollar (NZD) was within 0.5 percent of a record high against the dollar.

The yen fell 0.1 percent to 101.64 per dollar at 10:21 a.m. London time, the first decline in four days. The Japanese currency was little changed at 138.33 per euro. The dollar was at $1.3612 per euro, also little changed.