Dollar strengthens as bond selloff grows; yen slips past 160
The dollar strengthened as renewed Gulf attacks sparked a global bond selloff and stoked inflation worries. The yen retreated past 160 per dollar amid rising pressure on the Bank of Japan to raise rates.
By Ankur Banerjee and Medha SinghThe dollar strengthened on Tuesday as renewed Gulf attacks sparked a global bond selloff and stoked inflation worries, while the yen slid past 160 per dollar again even as pressure mounted on the Bank of Japan to raise rates.U.S.
President Donald Trump threatened fu…