Dollar breaks 161 yen in countdown to US inflation release
Friday, June 28th 2024, 4:58:38 am
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SINGAPORE (Reuters) -The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen on Friday as traders tentatively tested Japan's resolve to defend its currency, while waiting on crucial U.S. inflation data. Republican U.S. presidential candidate Donald Trump unleashed a barrage of at-times false attacks on President Joe Biden in their first campaign debate in Atlanta, with the dollar rising as Biden stumbled over his words a few times in early exchanges. The yen hit 161.27 per dollar, its weakest since 1986 and the euro dipped 0.1% and was last at $1.0693.
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