Yen extends losses, hits 20-month low vs dollar
SINGAPORE (Reuters) - The yen fell to a 20-month low against the dollar on Wednesday, pressured by expectations that incoming Japanese Prime Minister Shinzo Abe would push the Bank of Japan into more forceful monetary easing.
The dollar rose as high as 85.08 yen on trading platform EBS, the greenback's highest level since April 2011, and last stood at 85.03 yen, up 0.4 percent on the day.
(Reporting by Masayuki Kitano; Editing by Edmund Klamann)
- Tweet this
- Share this
- Digg this
GROUP OF 20
The G20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article