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Yen, dollar gain as stocks slide, New Zealand dollar weakens
short by / on Wednesday, 5 November, 2025
The safe-haven Japanese yen and U.S. dollar garnered demand on Wednesday as an aggressive tech-led selloff on Wall Street spilled over into Asia. The Australian dollar stayed weak after a 0.8% drop, while the New Zealand dollar hit a seven-month low and a 12-year low against the Aussie as unemployment rose to its highest since 2016.