US dollar gain is seen as no match for yen leap


The dollar index versus a basket of six major currencies crept up 0.1 percent to 94.882. The index was in reach of 95.131, a seven-month peak scaled on Friday when it soared more than 1 percent last week after the U.S. Federal Reserve gave a hawkish signal on interest rates while the European Central Bank struck a dovish tone.

TOKYO: The resurgent US dollar is proving no match for the yen.

Japan’s currency has risen against every single Group of 10 peer in the first half, with an average 4.8% gain. That’s outpaced the dollar, which has trumped eight peers and advanced 2.9%.

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Business , yen , Dollar , strength

   

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