Dollar rises on U.S.-Iran tensions; yen slips past 160
The dollar strengthened as renewed U.S.-Iran hostilities revived inflation worries and triggered a global bond selloff. The yen slid past 160 per dollar again as pressure mounted on the Bank of Japan to raise rates.
By Medha Singh and Ankur BanerjeeThe dollar strengthened on Tuesday as renewed U.S.-Iran hostilities fuelled inflation worries and sparked a global bond selloff, while the yen slid past 160 per dollar again despite mounting pressure on the Bank of Japan to raise rates.U.S.
President Donald Trump th…