Dollar at 8-week high vs yen as traders eye Fed
London
THE dollar hit an eight-week high against the yen on Monday, supported by a rise in US Treasury yields, as traders eyed a Federal Reserve meeting starting the next day for clues on whether interest rates could rise again by year-end.
Last week was the greenback's best against the Japanese currency since November, up 2.8 per cent, as a rise in US yields bolstered its appeal and data showing a pickup in US consumer prices helped rekindle …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag