Dollar Gains as Oil and Yields Rise
The US dollar rose today against most major currencies, driven by higher oil prices and US Treasury yields. Meanwhile, the Japanese yen remained near its lowest level since late 1986, around 163.2 per dollar, raising concerns about potential Japanese intervention in the foreign exchange market. The euro reached 1.1401 dollars, while the Australian and New Zealand dollars remained steady. The British pound declined below its 200-day moving average.
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