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Singapore, July 01 (QNA) – The US dollar got a boost from a sharp rise in Treasury yields and pushed the yen to a 40-year trough on Wednesday, as traders braced for a crucial US jobs report and ramped up bets on an imminent Federal Reserve rate hike.
The dollar rose to a fresh top of 162.77 yen in the early Asian session, well above levels that prompted Japanese authorities to intervene a few months ago to shore up the ailing currency.
The US dollar index, which measures the strength of the US dollar against a basket of six major currencies, remained stable at around 101.24 points.
In other currency markets, the euro dipped 0.07% to $1.1413, the British pound dipped 0.09% to $1.3252, while the Australian dollar decreased by 0.18% to $0.6907, and New Zealand dollar fell 0.04% to $0.5674. (QNA)
