Dollar nears seven-month low against yen ahead of central bank meetings
The US dollar approached a seven-month low versus the yen as investors await key central bank meetings next week.
The US dollar edged closer to a seven-month low against the Japanese yen as investors awaited crucial meetings by central banks the following week. On Friday, the greenback hit its lowest level in seven months vis-à-vis the yen, as market participants focused on forthcoming monetary policy announcements from both the Federal Reserve and the Bank of Japan.
The currency slipped 0.4% to 153.40 yen, nearing a nadir of 152.89 yen, though it later moderated its decline against other prominent currencies. Conversely, the dollar rose 0.02% against the Swiss franc to 0.81 after initial setbacks. The dollar index, which gauges the greenback's performance against six key counterparts, lingered near its lowest level in roughly two weeks, settling at 98.80.
Meanwhile, the euro edged up 0.05% to $1.1628, edging closer to a two-week high, while the Canadian dollar declined 0.15% against the US dollar to 1.38 Canadian dollars per US dollar. The Australian dollar rose 0.1% against the US dollar to $0.722.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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