The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency.
in China, a major trading partner. The Chinese yuan slumped to a six-month low in offshore trading.
"We have to remember that the Aussie is a pro-growth currency, strongly linked to the outlook for commodities, and we've seen commodities under pressure of late," said Rodrigo Catril, senior foreign-exchange strategist at National Australia Bank. Meanwhile, the greenback was little changed at 139.82 yen following a 0.46% slide on Tuesday, when Japan's top currency diplomat said following a meeting of the country's finance ministry, central bank and financial watchdog that officials "will closely watch currency market moves and respond appropriately as needed.""The meeting was preemptive," said Bart Wakabayashi, general manager at State Street in Tokyo.
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