
The dollar hits a two-month high against the yen, which is plummeting
The dollar is climbing to its highest level in two months as expectations of a Fed rate hike grow. The Japanese yen is taking a hit.
5 articles on currency

The dollar is climbing to its highest level in two months as expectations of a Fed rate hike grow. The Japanese yen is taking a hit.

Faced with persistent inflation, investors are betting heavily on a sharp rise in the U.S. dollar. The Fed remains firm on its monetary policy.

The Iranian rial has hit a record low against the dollar. Two months of conflict, U.S. airstrikes, and a naval blockade are stifling an economy already under sanctions.

The yen surged sharply on Monday, dropping from 157.2 to 156 against the dollar in a matter of minutes. Tokyo is taking further action to defend its currency, which is in free fall.

The Federal Reserve surprised markets by maintaining a hawkish stance. The dollar is rising against the euro, the pound, and the yen amid expectations that interest rates will remain high for longer.