Dollar slightly lower as yen hits 34-year low

From Investing.com: 2024-04-15 08:01:43

The dollar retreated slightly from a five-month high after its biggest weekly gain since 2022, due to high U.S. interest rates and escalating conflict in the Middle East. Iran launched a drone and missile attack on Israel, causing minor damage. The dollar remains strong as a safe-haven currency. The yen hit a 34-year low against the dollar, prompting talk of currency intervention by Japan. U.S. rate cut bets are fading as investors push back expectations of easing. The euro and pound are recovering from recent drops. Bitcoin fell below $62,000 but has since risen to $66,209.



Read more at Investing.com: Dollar edges lower, yen at 34-year trough By Reuters