2023-05-23 05:03:45
The dollar touched a six-month high against the yen today, Tuesday, amid the continuing debt ceiling crisis in the United States and growing expectations that interest rates there will remain higher for a longer period.
The dollar rose to a six-month high of 138.80 against the yen in early Asian trade.
The euro fell 0.05 percent to $1.0808, down about two percent since the beginning of the month until now, after two consecutive months of gains.
As for the pound sterling, it increased 0.02 percent, to 1.2440 dollars.
Investor sentiment is being affected by concerns related to the approaching deadline for the debt ceiling in the United States, which has undermined risk appetite and supported the dollar as a safe haven.
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