The US dollar extended gains against the yen
The US dollar extended gains against the yen and euro as crude oil prices continue to slide. The greenback hit a 1 month high to the Japanese currency and a 2 week high to the euro following recent hawkishness from Treasury officials and Federal Reserve board members. Philadelphia Federal Reserve President Charles Plosser commented that rising inflation continues to be a problem and could force the Fed to raise interest rates even before labor and financial markets fully recover. Equity
Original post by Fundamental Market View