Yen nears 40-year low, US dollar hits 1-year high on Fed hike bets

Yen nears 40-year low, US dollar hits 1-year high on Fed hike bets

Asia One·2026-06-23 19:01

LONDON — The US dollar rose to its highest level in more than a year on Tuesday (June 23) as traders positioned for a more hawkish Federal Reserve despite oil prices inching lower on ebbing Gulf tensions, while the yen flirted with a four-decade low.

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