Dollar Up, Yen at 40-Year Low
The currency markets experienced stability in the US dollar amid expectations of an interest rate hike in the United States. The dollar index rose to around 101.01 points, while the Japanese yen fell to its lowest level in 40 years at 161.59 against the dollar, amid concerns over Japan's potential intervention to support its currency. The markets also saw an improvement in oil prices and an increase in US Treasury bond yields, with expectations of a rate hike in September and major banks adjusting their forecasts accordingly.
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