US dollar rises to 8-month high vs yen as Trump-inspired rally continues
Published Fri, Nov 25, 2016 · 12:33 AM
[TOKYO] The US dollar rose to an eight-month high against the Japanese yen on Friday, extending its rally since Donald Trump's victory in the US Presidential election stoked speculation of higher US economic growth and inflation.
The dollar rose to as high as 113.64 yen, gaining about 0.3 per cent in early Asian trade.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
UOB CEO ‘cautiously optimistic’ on 2024; Q1 profit down 1.6% to S$1.49 billion
Australia lending rules make banks go ‘too hard’ on due diligence: Westpac
Australia banks shower investors with A$5 billion in buybacks
Bank of Japan’s Ueda signals chance of policy action if yen moves affect inflation
Fed’s Kashkari says rates likely on hold for ‘extended period’
FTX has billions more than needed to pay bankruptcy victims