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Forex: The yen at a 7-month low

05/03/2021
Categories: Economy/Forex

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Due to a rise in US bond yields, the dollar rose to a seven-month high against the yen on Thursday at 107.10.

Before Federal Reserve Chairman Jerome Powell's speech that could determine the trend in bond markets and global currencies, the yen fell to a 7-month low.

It should be noted that the dollar also reached a three-month high against the Swiss franc and rose against most currencies but to a smaller extent. Its growth has been limited by economic indicators.

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