Dollar Recovers as Yen Weakens

Dollar Recovers as Yen WeakensTokyo, 24 Feb 2026 (ONA) — The greenback clawed back losses as China and Japan reopened following holidays. The dollar index, which measures the greenback against a basket of currencies, rallied 0.2 percent to 97.90. The yen dipped after China announced export controls on Japanese companies in a further sign of souring relations. The euro slid 0.14 percent at $1.1768, while the yen sank 0.4 percent to 155.27 per dollar. Sterling pound fell 0.08 percent to $ 1.3478. The Australian dollar strengthened 0.1 percent versus the greenback to $ 0.706, while New Zealand’s kiwi was little changed at $ 0.5957. China’s yuan hit the strongest level against the dollar in nearly three years on hopes Trump’s new tariff regime would lower taxes on Chinese exports.— Ends/Khalid