The Japanese yen plunged to a seven-year low on Monday against the US dollar as the Bank of Japan continues to “loosen” its monetary policy, while the US Federal Reserve has entered monetary tightening cycle. The yen was down as much as 2.4% earlier, the biggest daily drop since March 2020, to 125.09 yen against […]
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At 16-month high the dollar amid expectations of a rise in US interest rates in 2022
The US dollar reached a 16-month high and the strongest level in more than four years against the yen after Joe Biden’s decision to nominate Jerome Powell for a second term as head of the Federal Reserve, boosting market expectations that US interest rates will increase in 2022. The dollar hit a 16-month high of […]
At a 16-month high the dollar in the wake of inflation data
The dollar is climbing 16-month highs against the euro and other currencies, while the yen is slipping to multi-year lows in the wake of data released yesterday in the US and showed a jump in inflation to the highest level since 1990, rekindling expectations for a faster rate hike by the US Federal Reserve. The […]