Australian dollar, SA rand lead declines for currencies

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It was a mixed day for currencies around Asia with a pause in tensions around North Korea.

With the level of stress in markets easing slightly from last week, the yen was trading 0.1 per cent weaker today at ¥108.90 per dollar.

The Australian dollar hit a session low of $0.7555, a drop of 0.5 per cent, after minutes from the Reserve Bank of Australia’s April meeting revealed the central bank judged that the weaker state of the labour market and continued rise of house prices “warranted careful monitoring”.

The US dollar index, a measure of the greenback against a basket of global peers, was up 0.1 per cent at 100.35.

The Swiss franc was up 0.1 per cent as simmering political tensions on the Korean peninsula kept haven assets in focus, while the Euro was up 0.1 per cent and the pound was flat.

South Africa’s rand was 0.4 per cent weaker at 13.3556 per dollar.

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