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Dollar Falls, Yen Gains Amid Political Uncertainty in JapanSingapore, 21 Jul (ONA) — The US dollar, which measures the US currency against six others, today fell to 98.352 points in the latest trading session.
The yen firmed after Japan’s ruling coalition lost its majority in the upper house as investors braced for a period of policy paralysis and market tumult in the world’s fourth-largest economy ahead of a deadline on tariff negotiations with the US.
The yen firmed to 148.44 per dollar, but stayed close to the 3-1/2-month low it hit last week as investors fretted about Japan’s political and fiscal outlook. The yen nudged higher against the euro to 172.64 and against sterling to 199.03.
The euro was 0.12% lower at $1.16165, while sterling last fetched $1.13417
The New Zealand dollar fell 0.18% to $0.5951, despite an acceleration in annual consumer price inflation in the Q2, but the data came in below analysts’ expectations.— Ends/Khalid