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The yen is heading to record the worst annual performance ever, with its continued decline against the dollar, which is gaining strength against other currencies, due to the Fed’s emphasis on the path of raising Benefitwith the aim of reducing inflation to the 2% target level.
The greenback rose to 144.99 yen, the highest level since August 1998, to keep the dollar approaching its highest level ever against yenwhich amounts to 147.43 yen to the dollar, and was recorded in 1998.
and managed Japanese currency From reducing its losses somewhat to 144.50 yen against the dollar during trading.
Since the beginning of the year, the Japanese currency has fallen by 20% against the dollar, to suffer the worst decline recorded by the yen against the US currency in 1979.
On the other hand, the price of Sterling pound Against the dollar, by 0.9 percent, in today’s trading, recording its lowest level since 1985, as investors abandon British assets in the face of bleak economic expectations and a strong upward trend for the American currency.
Sterling fell to $1.1418, down 0.9 percent, as it came under pressure from sharp increases in inflation and fears that tax cuts and an increase in public spending under a new government could exacerbate price pressures.
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The yen is heading to record the worst annual performance ever, with its continued decline against the dollar, which is gaining strength against other currencies, due to the Fed’s emphasis on the path of raising Benefitwith the aim of reducing inflation to the 2% target level.
The greenback rose to 144.99 yen, the highest level since August 1998, to keep the dollar approaching its highest level ever against yenwhich amounts to 147.43 yen to the dollar, and was recorded in 1998.
and managed Japanese currency From reducing its losses somewhat to 144.50 yen against the dollar during trading.
Since the beginning of the year, the Japanese currency has fallen by 20% against the dollar, to suffer the worst decline recorded by the yen against the US currency in 1979.
On the other hand, the price of Sterling pound Against the dollar, by 0.9 percent, in today’s trading, recording its lowest level since 1985, as investors abandon British assets in the face of bleak economic expectations and a strong upward trend for the American currency.
Sterling fell to $1.1418, down 0.9 percent, as it came under pressure from sharp increases in inflation and fears that tax cuts and an increase in public spending under a new government could exacerbate price pressures.