Dollar gains against yen as Fed policy, debt ceiling in focus
The dollar rose against the Japanese yen on Monday, holding just below a six-month high, as investors waited on fresh signals on whether the U.S. Federal Reserve is likely to continue hiking interest rates and watched for news that Congress will reach an agreement to raise the U.S. debt ceiling. The greenback has bounced for the past two weeks as stronger than expected economic reports and hawkish Fed officials keep the prospect of further interest rate increases alive. “The dollar had a nice two-week bounce, helped by rising U.S. interest ...
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