ICEC

Dollar Finds Slight Footing Against Japan’s Yen

The U.S. dollar edged higher against the yen Tuesday, reclaiming the ¥97 level after hitting a nearly six-month low against the Japanese unit as Washington wrangled over the budget and raising the debt ceiling. The dollar hit an intraday low of ¥96.59, according to FactSet data, during Asian trade.

It recently recovered to ¥97.13 compared with ¥96.77 late Monday in North American trade. The ICE dollar index , a gauge of the greenback’s strength against six other currencies, rose to 80.034 from Monday’s 79.933. The WSJ Dollar Index , a rival measure that tracks the dollar against more currencies, moved up to 72.37 from 72.26.

Source : Marketwatch

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