National · National
Dollar holds near 18-month high as geopolitical risks rise
Source: Livemint — Markets · 2 hr ago
Summary
The U.S. dollar slipped slightly against the yen, trading at about 158.44 yen after Japan’s wholesale price data showed a 6.8% year‑over‑year rise, which was lower than analysts had expected. This movement comes as the dollar remains near its strongest level in 18 months amid growing geopolitical tensions.
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From the original report
Against the yen, the US dollar was 0.1% weaker at 158.435 yen after the release of data from the Bank of Japan which showed wholesale prices rose 6.8% in the year to September, falling short of the median market forecast for a 7.6% annual increase.
Excerpt from Livemint — Markets.
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