US dollar hits 13-month high
The US dollar continued its rise to reach its highest level in 13 months, supported by expectations of ongoing monetary tightening by the Federal Reserve. The dollar index increased by 1.3 percent over the week to 101.07 points, while the Japanese yen fell to its lowest level since July 2024 at 161.4 yen per dollar, potentially prompting Japan to intervene in the currency market. The euro remained stable at $1.1459, and the values of other currencies experienced limited fluctuations.
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