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Yen Slides Further to 151 per Dollar, Pound Falls on UK Turmoil

Started by Epoch-Times-Bot, Oct 21, 2022, 07:28 AM

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Epoch-Times-Bot

Oct 21, 2022, 07:28 AM
Yen Slides Further to 151 per Dollar, Pound Falls on UK Turmoil

LONDON—The yen was on track for its 10th straight weekly decline against the relentlessly strong dollar on Friday, while sterling fell as political turmoil once again gripped Britain.
The dollar gained across the board, also pushing the Swiss franc to its lowest level since May 2019.
Investor bets on the U.S. Federal Reserve ratcheting up interest rates as high as 5 percent by next year supported the greenback, as well as company demand for dollars to settle year-end accounts, currency analysts said.
The dollar index—which tracks the currency against six major counterparts—gained 0.5 percent to 113.440, as U.S. Treasury yields climbed to new multi-year peaks....

Source: Yen Slides Further to 151 per Dollar, Pound Falls on UK Turmoil

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