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Currency: The dollar reached its highest level in six months against the yen on Tuesday

23/05/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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As forecasts of rising US interest rates multiply and the impasse over the debt ceiling weakens risk sentiment, the dollar reached its highest level in 6 months against the yen.

The greenback peaked in nearly six months at 138.88 in Asian trading against the Japanese yen. It reflects the stark contrast between a still optimistic Fed and an ultra-dovid Bank of Japan. The dollar was last down 0.11% to 138.44 yen. The greenback also kept the offshore yuan close to its lowest level in five months, with a latest purchase of 7,0586

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