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CURRENCIES

US$ on upward track, hits 8-year high against yen

Wednesday, May 27, 2015 - 05:50
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The US dollar rose one per cent against a basket of currencies on Tuesday, extending gains since a rise in US core inflation last Friday and driving the euro briefly below US$1.09 for the first time in a month.

Warsaw

THE US dollar rose one per cent against a basket of currencies on Tuesday, extending gains since a rise in US core inflation last Friday and driving the euro briefly below US$1.09 for the first time in a month.

Against the yen, it broke through longer-term resistance to hit