Yen Declines, Australian Dollar Gains on U.S. Government Reopening Hopes
In the New York foreign exchange market, risk appetite boosted the Australian dollar while the yen weakened amid optimism over a potential U.S. government reopening.
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Terms & Concepts
Foreign exchange market (forex): A global marketplace for trading national currencies against one another.
Risk appetite: Investor willingness to engage in assets with higher potential returns and higher risks.