Dollar lingers at six-month peak as US inflation comes in focus

Quick Summary:

The U.S.dollar hovered near a fresh 6-1/2-month peak against other major currencies on Wednesday and the Japanese yen fell to its lowest level since July, driven by so-called Trump trades ahead of key U.S.inflation data.

The yen broke through 155 per dollar, the Japanese currency's weakest level since late July.It was last at 154.88 yen per dollar.

Japan's wholesale inflation accelerated in October at the fastest annual pace in more than a year, complicating the Bank of Japan's decision on how soon to raise interest rates.

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Category: EconomyBusiness

Markets: MalaysiaChinaGermanyJapan

Topics: Currencies Inflation Trump trades US dollar Forex /Business/Business News

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 21:08:00 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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