US dollar hits 2-month high against yen

London

THE dollar rose to a two-month high against the yen on Thursday after a hawkish-sounding US Federal Reserve heightened expectations of an interest rate increase in December.

At the end of a closely watched two-day policy meeting on Wednesday, the Fed left interest rates unchanged as expected and signalled that it is still on track for one more increase by the end of the year despite recent low inflation.