US dollar passes 115 yen for first time in more than four years
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[HONG KONG] The US dollar rose above 115 yen for the first time in more than four years on Tuesday as Jerome Powell was nominated to serve a second term as Federal Reserve boss, fuelling expectations he will look to tighten monetary policy faster.
The dollar hit 115.10 yen in early trade, its highest level since March 2017.
AFP
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