You are here

CURRENCIES

US$ hits near 8-year high on hopes for rate hike

Wednesday, March 11, 2015 - 05:50

Tokyo

THE US dollar hit a near eight-year high against the yen on Tuesday on mounting speculation that the Federal Reserve will lift interest rates by mid-year as the US economy picks up strength.

In Tokyo, the greenback briefly surged to a high of 122.02 yen in mid-day trading,