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The dollar rises to its highest level in two decades against the yen
Shafaq News/ The dollar rose to a two-decade high against the yen, and remained close to a two-year high against the euro on Friday, as hawkish comments from Federal Reserve officials boosted expectations of a faster US policy tightening.
The dollar rose 0.43% at 126.40 yen after earlier hitting 126.56 for the first time since May 2002.
The euro fell 0.14% to $1.0812, heading back towards an overnight low of $1.0785, a level not seen since April 2020.
The dollar index rose 0.08% to 100.48, retreating towards a two-year high of 100.78 hit on Thursday.
Over the course of the week, it is up 0.64%, while the Euro is down 0.58%.
Against the yen, the dollar rose 1.71%, heading for the sixth consecutive week.
Meanwhile, the Australian dollar hovered near a three-week low of $0.7392 reached on Wednesday, down 0.2% on the day at $0.7404.
Cryptocurrency bitcoin continued to consolidate near a four-week low of $39218.15 reached on Monday, last trading at $40.005.50.
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The dollar rose 0.43% at 126.40 yen after earlier hitting 126.56 for the first time since May 2002.
The euro fell 0.14% to $1.0812, heading back towards an overnight low of $1.0785, a level not seen since April 2020.
The dollar index rose 0.08% to 100.48, retreating towards a two-year high of 100.78 hit on Thursday.
Over the course of the week, it is up 0.64%, while the Euro is down 0.58%.
Against the yen, the dollar rose 1.71%, heading for the sixth consecutive week.
Meanwhile, the Australian dollar hovered near a three-week low of $0.7392 reached on Wednesday, down 0.2% on the day at $0.7404.
Cryptocurrency bitcoin continued to consolidate near a four-week low of $39218.15 reached on Monday, last trading at $40.005.50.
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