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.
The dollar strengthened on Tuesday as renewed U.S.-Iran hostilities fuelled inflation worries and triggered a global bond selloff, while the yen slipped past 160 per dollar again despite growing pressure on the Bank of Japan to raise rates. U.S. President Donald Trump th…