The dollar scaled fresh 24-year heights on the yen on Wednesday, breaching levels that prompted intervention by Japanese officials last month, as traders braced for United States inflation data and its implications for further Federal Reserve rate hikes. Sterling slipped to a new two-week trough after Bank of England Governor Andrew Bailey reiterated that the central bank will end its …
Read More »Dollar at 24-year peak to yen after US yields jump
October 12, 2022