The US dollar shows relative stability amid Japanese electoral uncertainties

2026-02-14 02:16:43

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The US dollar remains stable in the foreign exchange markets, hovering around 97.65 with a slight increase of over 0.2%. This stability occurs amid regional monetary tensions and expectations surrounding the upcoming Japanese elections. The dollar index thus reflects a certain resilience against the volatile movements affecting emerging market currencies and commodity currencies.

Japanese Yen Under Electoral Pressure

The Japanese currency is experiencing a delicate phase, with a decline observed for four consecutive days according to reports from RTHK. This weakness of the yen is partly due to political uncertainty related to the upcoming Japanese elections. The US dollar has also appreciated significantly, approaching the 157 yen mark and reaching a two-week high of 156.94 yen. This rise of the US dollar against the yen reflects a flight to safety sought by investors during periods of political uncertainty.

Commodity Currencies Retreat Against the US Dollar

Currencies of commodity-producing countries are recording disappointing performances in this period. The Australian dollar is slightly below 0.7 against the US dollar, down about 0.4% during late trading in New York. The New Zealand dollar shows a more pronounced weakness, at 0.6 against the US dollar, declining by more than 0.7%. These declines highlight the current dominance of the US dollar, which attracts capital flows seeking a safe haven.

A Strong US Dollar

Against other major currencies, the US dollar continues its upward trajectory. Its gain is approximately 0.2% against the Canadian dollar, remaining well above 1.366. The British pound, meanwhile, faces difficulties with a 0.3% decline against the US dollar, settling around 1.365. The euro, on the other hand, shows relative stability against the US dollar, staying at 1.18. This configuration reveals a US dollar consolidating its gains while dominating the forex market in an environment marked by geopolitical and electoral uncertainties.

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