Dollar climbs to the highest level in four months against the yen

Dollar climbs to the highest level in four months against the yen



11-07-2017 03:09 PM

Euphrates -
 
The dollar rose against a basket of currencies used to measure its strength on a larger scale on Tuesday and recorded the highest level in four months against the yen , with the high yield on US Treasury bonds for ten years 25 basis points during the last two weeks.

The New Zealand dollar fell to its lowest level since June 23 after a report hit the country a strong earthquake off the South Island, but there were no reports of damage so far.

The dollar index rose about 0.1 percent to 96.138 and also rose against the euro and the same percentage has increased about one - third percent against the US currency to 114.43 yen , its highest level since mid - March. And made the President of the Federal Reserve ( the US central bank) Janet Yellen testified before lawmakers on Wednesday and Thursday , while the Deputy Governor of the Central Bank of England 's Ben Broadbent speaks later on Tuesday.

The paint data since last week a grim picture of Britain 's economy and undermine other hints at the possibility of the bank to raise interest rates later in the year.

Sterling settled almost at $ 1.2887 and 88.37 pence per euro.

http://www.alforat.info/index.php?page=article&id=47853

But I thought there was no "basket of currencies"? I guess it depends on who you listen to huh?