HomeNewsNewsDollar firms with Fed in focus, yen slips back

Dollar firms with Fed in focus, yen slips back

Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration

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SINGAPORE/LONDON, Sept 15 (Reuters) – The dollar held near recent peaks on Thursday, supported by expectations the U.S. Federal Reserve will continue to tighten policy aggressively as it tries to curb inflation, while the yen faltered after jumping sharply the day before.

The dollar was up 0.28% against the yen at 143.58 , having fallen 1% on Wednesday on news that the Bank of Japan had checked on exchange rates with banks – a possible preparation for yen buying. read more

The euro was back below parity against the dollar, down 0.15% at $0.99635, not too far from its 20-year low of $0.9864 hit last week, while sterling likewise was 0.26% softer at $1.15115.

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This left the dollar index firm at 109.84, holding…

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