As Treasury yields rose and investor appetite for riskier currencies declined, the dollar remained firm on Thursday. While the yen has crossed the 150 per dollar mark.

The Australian dollar fell to its lowest level in 11 months, to $0.6276, and lost 0.35% to $0.6287. A surprisingly high inflation rate on Wednesday fuelled expectations of a further rise in interest rates. The New Zealand dollar also hit an 11-month low of $0.5780 and was last down 0.22% to $0.5788

For its part, the Japanese yen hit a new one-year low of 150.32 per dollar overnight and held steady at 150.26. The threshold of 150, which is closely monitored, is perceived by investors as a dangerous area likely to trigger an intervention by the Japanese authorities