Source: International Business Times
The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year AFP The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year. The greenback bought 160. 17 yen in morning trade -- its weakest since 1990 -- fanning speculation that Japanese authorities would step in to support their currency.
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