Dollar rises to upper 112 yen level on expectation of U.S. rate hike

0 Comment(s)Print E-mail Xinhua, September 21, 2017
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TOKYO, Sept. 21 (Xinhua) -- The U.S. dollar rose to the upper 112 yen zone on Thursday in Tokyo after the Federal Reserve signaled at an interest rate hike by end of this year.

At 5 p.m. local time, the dollar was quoted at 112.54-55 yen compared with 112.15-25 yen in New York and 111.39-40 yen in Tokyo at 5 p.m. Wednesday. The dollar moved between 112.28 yen and 112.72 yen during the day.

The euro fetched 1.1903-1904 dollars and 133.96-134.00 yen against 1.1890-1900 dollars and 133.39-49 yen in New York and 1.1998-2000 dollars and 133.65-69 yen in Tokyo late Wednesday afternoon.

The Fed concluded a two-day policy meeting on Wednesday. While leaving the interest rates unchanged, it signaled at one more interest rate hike by the end of this year and three more hikes in 2018.

The Bank of Japan, meanwhile, said on Thursday that it would keep its aggressive monetary policy unchanged. Enditem

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