LONDON: The dollar commanded over yen for the first time in 7 years on Thursday after Fed recommendation that United States expected to raise interest rates next year, in stark contrast to Japan’s ultra-loose policy position.
The euro slipped after purchasing managers’ surveys from the euro zone showed business growth was weaker than forecasters expected this month, underpinning expectations that monetary conditions will be eased further in the 18-nation bloc.
The dollar romped as far as 118.98 yen, its highest since August 2007. The greenback last traded at 118.63 yen, 0.6 percent higher on the day and up around 9 percent since the Bank of Japan sprang a surprise expansion of its stimulus programme on the market just three weeks ago.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
