Tag: yen tumbles

  • Dollar slips, yen tumbles to 40-year low

    Dollar slips, yen tumbles to 40-year low

    NEW YORK, June 29 : The dollar edged lower on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes, and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a rapid pace.The Japanese yen

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