The dollar held a breath on Tuesday after a sharp rally. Still, it hit a 24-year high against the interest rate-sensitive Japanese yen, as US monetary policy tightens and the gap with low-interest rates in Japan widens.<\/p>\n\n\n\n
The yen plunged to 140.97 per dollar, its lowest level since 1998, and was last traded at 140.91 per dollar.<\/p>\n\n\n\n
The US currency has eased slightly from its highs against the euro and the British pound, although recession fears and the gas crisis limited the two currencies’ rally.<\/p>\n\n\n\n
The euro rose 0.36 percent to $0.99605, after hitting a two-decade low of $0.9876 on Monday, with increasing odds of spending the winter without Russian gas.<\/p>\n\n\n\n
Russia has indefinitely halted the flow of gas through the Nord Stream 1 pipeline to Germany, initially blaming an oil leak at a pressure plant, but linked Monday’s halt to Western sanctions.<\/p>\n\n\n\n
Sterling was up 0.54 percent at 1.1585 against the dollar after sliding to a two-and-a-half year low of $1.1444 on Monday.<\/p>\n\n\n\n
The dollar index fell 0.02 percent to 109.58, after rising to 110.27 on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"
The dollar held a breath on Tuesday after a sharp rally. Still, it hit a 24-year high against the interest rate-sensitive Japanese yen, as US monetary policy tightens and the gap with low-interest rates in Japan widens. The yen plunged to 140.97 per dollar, its lowest level since 1998, and was last traded at 140.91 …<\/p>\n","protected":false},"author":9,"featured_media":62779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-71573","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=71573"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71573\/revisions"}],"predecessor-version":[{"id":71578,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71573\/revisions\/71578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62779"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}