The dollar and euro rose to five-year highs against the yen on Friday, driven by upbeat U.S. data before the Federal Reserve’s meeting next week and dwindling excess cash in the euro zone banking system. The yen also slumped to a three-decade low against the Swiss franc, with some attributing […]
Tag: Yen
Dollar scales 5-yr peak against yen as markets brace for Fed meeting
The U.S. dollar clambered to a 5-year peak against the yen in Asia on Friday, after upbeat U.S. retail sales data stoked expectations the U.S. Federal Reserve could start scaling back its massive bond buying stimulus as early as next week. The Fed will hold its last policy meeting of […]
FOREX-Dollar eases vs yen, hovers below recent 3-week high
* Dollar/yen hovers below Friday’s near 3-week high * Euro holds steady, dollar index little changed * Data on U.S. durable goods due later on Monday The dollar eased versus the yen on Monday, having backed away from Friday’s near three-week high after data showed a steep drop in U.S. […]
