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US dollar extends losses against yen

Published Thu, Feb 15, 2018 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

THE dollar extended its losses against the yen and hit a new 15-month low on Thursday, with market participants bracing for further near-term weakness in the US currency.

The dollar dropped below Wednesday's low of 106.725 yen and fell as far as 106.30 yen, its weakest level since November 2016. That marked a drop of 3.8 per cent from its early February peak near 110.50 yen.

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