Dollar Rises on Interest Rate Differentials

Market


Tokyo, The US dollar gained 0.44% to 154.5635 yen, adding to its 0.58% rally from Monday.

On Friday, it sank as low as 151.86 yen for the first time since April 10, as softer-than-expected monthly US jobs data fed losses following Bank of Japan data that suggested official intervention could have amounted to some 9 trillion yen ($58.37 billion).

The US dollar index – which measures the currency against six major peers, including the yen, sterling and euro – ticked 0.04% higher to 105.19, after dipping as low as 104.52 on Friday.

The Aussie slipped 0.36% to $0.6601.

The euro was steady at $1.07655 and sterling eased 0.07% to $1.2552.

Source: Qatar News Agency