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

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The story "Dollar lingers at six-month peak as US inflation comes in focus" was covered 1 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 1w ago

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

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.